Danish shipping and oil group A.P. Moller-Maersk's third-quarter net profit beat expectations, boosted by a strong performance at its container shipping business Maersk Line. Net profit rose 25 percent to $1.5 billion compared with the same period last year, Maersk said on November 11, beating an average forecast of $1.38 billion in a Reuters poll of analysts.
It stuck to its forecast for an underlying profit for the full year of around $4.5 billion, but raised its net profit forecast for Maersk Line - the world's largest container shipping company - to above $2 billion from a previous forecast of "significantly" above $1.5 billion.
The group said its improved results were due to strong performances at its main units of Maersk Line, Maersk Oil and port operator APM Terminals.
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