Maersk made a profit of 2.7 billion in the first half of the year

Maersk Group released its financial report for the first half of 2011 on August 17.

According to the data, in the first two quarters, the group's operating revenue reached US $29.9 billion, a year-on-year increase of 9%, which was attributed to the higher crude oil price and container freight volume; the group's net profit reached US $2.7 billion, an increase of 8% year-on-year; the return on investment capital after tax was 12.8%.

"Thanks to the excellent performance of our terminal and oil related businesses, the group achieved satisfactory results in the first half of the year," said Mr. an Shinian, chief executive officer of Maersk Group. As we expected at the beginning of the year, the shipping market is going through a difficult period because of the increasing capacity. We believe that the slow economic growth and volatile market situation will continue in the next two quarters. We will use our strong financial advantages to invest in our core business areas to prepare for the group's sustained profitability and long-term growth. "