HHLA Q1 2024 profit declines
NewsHHLA’s Q1 2024 revenue and earnings declined due to global crises and the Red Sea conflict, with revenue down 0.3% and EBIT down 23.9%, resulting in a net loss of EUR 1.1 million.
Russian deal for HHLA
HHLA’s long-mooted deal to acquire shares in St Petersburg stevedoring group Petrolesport is likely to be finalised next month. Petrolesport chairman Aleksandr Kolosnitsyn said that Orimi group, which controls 83 per cent of Petrolesport, will issue new shares which will give HHLA a holding of 25 percent plus one share.
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