Maersk profit sinks in tough mar­ket

The Myanmar Times - - Business -

Dan­ish oil and shipping con­glom­er­ate A.P. Moller-Maersk has re­ported a plunge in profits in the sec­ond quar­ter in the face of tough mar­ket con­di­tions. Net profit in the pe­riod plum­meted to US$101 mil­lion (90.5 mil­lion eu­ros) from $1.07 bil­lion as rev­enue fell 16 per­cent to $8.86 bil­lion. AFP

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