Maersk beats forecast, sees higher profit in 2014

COPENHAGEN Thu Feb 27, 2014 2:15am EST

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COPENHAGEN Feb 27 (Reuters) - Danish shipping and oil group A.P. Moller-Maersk reported stronger-than-expected net profit for 2013 on Thursday thanks to higher profit in container shipping unit Maersk Line.

Fourth quarter net profit fell to $936 million, Maersk said, beating market's average forecast of $808 million in a Reuters poll of analysts.

Group net profit for 2014 is expected to be significantly above 2013's figure of $3.78 billion, Maersk said. (Reporting by Ole Mikkelsen; Editing by Louise Ireland)