Hapag-Lloyd posts nearly 8-fold higher net result for 2019
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FRANKFURT (Reuters) - German container shipper Hapag-Lloyd on Friday said it improved its net result for 2019 nearly by eight times over the 2018 result as it earned higher freight rates and raised transport volumes, adding wide forecast ranges for 2020 results.The net result in 2019 amounted to 373 million euros (342.24 million pounds) compared with 46 million euros in 2018, it said in a statement.Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 1,986 million..