COPENHAGEN, Denmark — Denmark's shipping and oil group A.P. Moller-Maersk says has reaffirmed its full-year outlook after delivering what it called "a satisfactory result" in the second quarter despite lower average container rates and a lower oil price.
Overall profit dropped to $1.09 billion in the three-month period that ended June 30, from $2.3 billion. Revenue fell to $10.5 billion, down from $12 billion in the same period last year.
The Copenhagen-based group said Thursday it expects an underlying result for 2015 of around $4.0 billion, and reiterated that its strategy was "to become a premium conglomerate."
Earlier this year, Maersk ordered nearly 30 container ships as part of its $15 billion investment program to meet growing demand for shipping and to replace less efficient vessels.
Results were posted in U.S. dollars.