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2008 August 14   08:04

Hamburg terminal operator HHLA posts sharp rise in H1 earnings

Hamburger Hafen und Logistik AG (HHLA) reported a 38.7 percent leap in earnings before interest and taxes (EBIT) to US$287 million for the first six months of the year.
The sharp hike in earnings was accompanied by a revenue increase of 17.6 percent to $982 million.
"Hamburger Hafen und Logistik can look back on an extremely successful first half in 2008," said Klaus-Dieter Peters, chief executive of the Hamburg terminal operator.
"HHLA has once again disproportionately boosted its revenues and earnings. We are proud that we have yet again succeeded in increasing profitability while being heavily utilised."
Peters said the terminal stood by its 2008 revenue and earnings outloook, despite a difficult global economic environment.
"That means double-digit growth in revenues to around $1.9 billion. For earnings before interest and taxes (EBIT) at group level we are reckoning with a figure between $476 million and $521 million," Peters said.

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