Hamburg port operator, Hamburger Hafen und Logistik AG (HHLA), has announced that net profit for the first nine months of the calendar year rose by 45 per cent year-on-year to EUR110 million (US$161.20 million), driven by a strong increase in container traffic.
For the nine months ending September 30, 2007, the company said in a statement that earnings before interest and tax (EBIT) grew by 49 per cent over the same period last year to EUR219 million.
In the first three-quarters of the year, revenue increased 17 per cent to EUR871 million.
For 2007 as a whole, HHLA is forecasting that sales will grow by more than 10 per cent, and the operating profit (EBIT) will be higher than the result achieved in 2006.
To continue implementation of its growth strategy, HHLA plans to invest EUR1.5 billion in the expansion of its container terminals, its intermodal network and its logistics operations between 2008 and 2012.
For 2006, the port operator reported net earnings of EUR116.9 million, sales of EUR1.02 billion and an operating profit (EBIT) of EUR186.8 million.
For the nine months ending September 30, 2007, the company said in a statement that earnings before interest and tax (EBIT) grew by 49 per cent over the same period last year to EUR219 million.
In the first three-quarters of the year, revenue increased 17 per cent to EUR871 million.
For 2007 as a whole, HHLA is forecasting that sales will grow by more than 10 per cent, and the operating profit (EBIT) will be higher than the result achieved in 2006.
To continue implementation of its growth strategy, HHLA plans to invest EUR1.5 billion in the expansion of its container terminals, its intermodal network and its logistics operations between 2008 and 2012.
For 2006, the port operator reported net earnings of EUR116.9 million, sales of EUR1.02 billion and an operating profit (EBIT) of EUR186.8 million.