Hapag-Lloyd says Q1 loss widens on low rates, weak dollar
FRANKFURT May 13 (Reuters) - German shipping company Hapag-Lloyd widened its first-quarter operating loss to 63.2 million euros ($86.93 million)from 53.2 million as revenues declined, hit by a weak U.S. dollar and low freight rates.
Hapag-Lloyd said on Tuesday its net loss for the quarter increased to 119.1 million euros from 93.6 million while revenues reached 1.55 billion from 1.65 billion.
($1 = 0.7270 Euros) (Reporting by Marilyn Gerlach; Editing by Victoria Bryan)
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