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One of Denmark’s largest companies – A.P. Møller-Mærsk has seen its earnings before tax plummet from more than DKK 13 billion (USD 2.7 billion) last year to a Q1 figure of DKK 1.7 billion (USD 305 million), according to the company’s first quarterly report for 2009.
The company says that revenue has decreased by 24 percent – predominantly due to lower oil prices and declining freight rates and volumes for container activities.
