French liner giant CMA CGM made a profitable start to the year and is expecting its operations to significantly improve.
Net profit rose to $48m for the first quarter of the year, compared with a loss of $43m in the same period last year.
The performance was helped by a $185m gain from the sale of port terminals.
Total revenues for CMA CGM Group, including its CEVA Logistics division, were fairly stable at $7.19bn.
