CMA CGM gets Q1 profit lift as shipping rush continues By Reuters
PARIS (Reuters) – CMA CGM, one of the world’s largest container shipping groups, on Friday posted a jump in first-quarter earnings and said it expects strong demand for transporting consumer goods to continue for the rest of the year.
French-based CMA CGM’s net profit reached $2.1 billion in the first quarter against $48 million in the same period last year, while core EBITDA earnings rose to $3.2 billion from $973 million, the group said in a results statement.
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