The board of directors of CMA CGM, the world' third-largest container shipping group, has revealed the results for the third quarter (Q3) of 2012, outlining what it called a 'solid operating and financial performance'.
Revenue for the three-month period came in at US$4.2bn (€3.3bn), up 9 per cent on the same period of 2011, with volumes up to 2.7m TEUs from 2.6m TEUs.
CMA CGM explained that it had continued to implement its action plan through the quarter, generating US$550m (€430m) in savings through the first nine months of the year, while higher freight rates also aided profitability.
These factors helped push earnings before interest, taxation, depreciation and amortisation up to US$617m (€482m), while net profit came to US$371m (€290m) for the third quarter of the campaign.
'In line with previous announcements, CMA CGM Group expects to end the year with a substantial profit,' the group added.
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