New orders pick-up lifts Cargotec out of the red
CARGOTEC recorded a 43% rise in orders for onboard and terminal cargo-handling equipment to €1.3bn (US$1.7bn) for the first half of 2010, although the market for port-based cranes and carriers remained “sluggish”.
The Finland-based manufacture of cargo-handling equipment for ports and vessels recorded net income of €31m for the six months to June, compared with a €5.8m loss in the corresponding period in 2009.
Half-year operating profit was €50.7m, against a €3.9m...
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