COPENHAGEN: The low price of oil has contributed to the Danish oil and shipping giant Maersk upgrading its financial projection for 2015 after its first quarter results showed profits of over 10 billion kroner.
Maersk’s chief executive Nils Smedegaard Andersen called the quarterly result “very satisfactory” and revealed that the company’s annual result would be upgraded to around 26.57 billion kroner.
“We deliver a headline profit of 1.6 billion US dollars, which is the best first quarter we’ve ever seen, driven by a very strong performance by Maersk Line, which also delivered a best first quarter ever despite falling rates,” Andersen said.
