Hapag-Lloyd posts 3.1% lower net profit in H1, lowers top of FY forecast

FRANKFURT (Reuters) -German container shipping company Hapag-Lloyd, the world’s fifth largest, on Thursday posted a 3.1% decline in its first-half net income to 709 million euros ($829 million) and brought down the top of its full-year earnings forecast range, citing geopolitical uncertainty.

The company projected full-year earnings before interest and taxes in a range between 0.2 billion and 1.1 billion euros, compared with between breakeven and 1.5 billion euros assumed previously.

($1 = 0.8549 euros)