Hapag Lloyd swings to Q1 profit

miércoles 13 de mayo de 2015 02:32 GYT

BERLIN May 13 (Reuters) - German shipper Hapag-Lloyd swung to a first-quarter profit thanks to the stronger U.S. dollar, lower bunker fuel prices and first effects from its merger with Chilean shipper CSAV.

The company on Wednesday posted a net profit of 128.2 million euros in the first three months of the year, against a loss of 119.1 million one year ago.

"This is a solid start to the year, in spite of the continued price pressure in many of the trades," Chief Executive Rolf Habben Jansen said in a statement. (Reporting by Victoria Bryan; Editing by Maria Sheahan)