Worlds la4rgest container shipping company Moller-Maersk CEO, Nils Smedegaard Andersen, announced that the shipping and oil firm's revenue for 2012 fell by 2 percent to USD59 billion from USD60.2 billion.
Andersen said that net profit for the year reached USD4 billion, whereas pre-tax profit plunged by 22 percent to USD7.3 billion from USD9.4 billion.
Meanwhile, the Danish company's container shipping division Maersk Line posted a profit of USD461 million, compared with a shortfall of USD553 million a year earlier.
Furthermore, the average freight rates in 2012 rose by 1.9 percent, while volumes went up by 5 percent.
Profit of Maersk Oil edged up to USD2.4 billion from USD2.1 billion in 2011, even though the unit's oil and gas output dropped by 23 perce
Read more: Denmark's Maersk 2012 revenue down 2% - MENAFN
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