src="/files/fa/news/es/Thumbnails/1111633c-0201-4e56-8449-f05f9f532c67_260_199.jpg' class='img_convert' title='Maersk Suffers Heavy Loss' alt='Maersk Suffers Heavy Loss'>
The January-June 2016 profit of $342m compared to a much bigger gain of $2.66bn in the same period of last year, MANA correspondent reported.
Revenue for the group fell to $17.4bn from $21.07bn in the year-ago period, while operating expenses decreased by $1.8bn predominantly due to lower bunker prices and focus on cost efficiency.
The group’s core container carrier business under Maersk Line posted a first half loss of $114m as against the profit of $1.22bn in the previous corresponding period.
Maersk Oil made a first half profit of $102m, negatively impacted by lower average oil prices, while Maersk Drilling reported a profit of $386m.
Its other units APM Terminals and APM Shipping Services registered first half profit of $220m and $31m respectively.