Despite the rise in its annual revenue, German port and terminal operator Hamburger Hafen und Logistik AG (HHLA) saw its earnings and profits decrease in 2023.
The group’s revenue increased by 7.7% to over US$1.7 billion, but HHLA’s operating profit (Earnings Before Interest and Taxes, EBIT) fell 3.4% to US$240 million and profit after tax and minority interests declined to US$100 million, translating to a 17.5% drop from the previous year.
HHLA said that amid operational delays and difficult...
https://container-news.com/hhla-reports-annual-container-drop-amid-profit-fall/