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earnings
Format: PDF earnings
CSAV reported 1Q24 financial results with a US$159.1 million loss primarily driven by tax expense provisions of US$230.5 million from foreign retentions, offset by profit before taxes of US$71.4 million. The company highlighted a positive start to 2024 with increased demand, though Red Sea security disruptions continue to impact operations, while Hapag-Lloyd, CSAV's main investment, delivered group profits of US$325 million with a new Terminals & Infrastructure segment contributing US$35 million EBITDA.
CSAV 1Q24 Earnings Results June 2024
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