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2011 March 22   13:40

Copenhagen Malmo Port’s operating profit down to SEK 116 mln in 2010

The general slowdown in the economy, in the Öresund region and globally, had a negative impact on Copenhagen Malmö Port’s turnover and operating profit in 2010, Shipgaz reports. The turnover was down from SEK 733 million the previous year to 675 million in 2010 and the operating profit decreased 12 million to SEK 116 million. The handled cargo volumes was unchanged, i.e. 15 million tons.
   "Despite generally weak demand, several of CMP’s business areas reported stronger results. The clearest improvement occurred in car transports. Renewed momentum saw volumes increase by around 60 per cent in 2010, with growth continuing into 2011. Combi traffic by rail also saw a strong improvement. The number of units soared from 12,000 in 2009 to 55,000 in 2010. Volumes also grew in liquid bulk, especially in transit oil. In cruise traffic the number of port calls declined slightly but Copenhagen has, by a wide margin, retained its position as the leading cruise ship destination in the Baltic Sea region", the company states.

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