Hapag Lloyd breaks even in third quarter
FRANKFURT Nov 11 (Reuters) - Newly-listed German container shipping group Hapag Lloyd said on Wednesday it broke even in the third quarter as it benefited from a merger with Chile's CSAV and additional cost cuts.
Hapag-Lloyd, which reaped $300 million from an initial public offering earlier this month, posted a quarterly net profit of 3.2 million euros, compared to a loss of 50.7 million in the year-earlier period. (Reporting by Arno Schuetze; Editing by Maria Sheahan)
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