Danish shipping and oil group A.P. Moller-Maersk (MAERSKb.CO: Quote, Profile, Research, Stock Buzz) posted on Wednesday higher-than expected nine-month net profits, but trimmed its 2008 outlook saying it was subject to uncertain global markets.
Net profit was up 39 percent at $3.6 billion, or 17.7 billion Danish crowns, Maersk said, compared with the average in a Reuters poll of analysts of 16.4 billion crowns. The conglomerate -- which runs the world's largest container shipping operator, Maersk Line -- said it experienced higher average oil prices and production, as well as higher freight rates and volumes in its container activities.
Net profit was up 39 percent at $3.6 billion, or 17.7 billion Danish crowns, Maersk said, compared with the average in a Reuters poll of analysts of 16.4 billion crowns. The conglomerate -- which runs the world's largest container shipping operator, Maersk Line -- said it experienced higher average oil prices and production, as well as higher freight rates and volumes in its container activities.