NOL posts Q3 net loss of US$23m

Singapore

NOL Group's dismal financial performance continued as it announced another loss-making quarter on Friday - marking the fourth straight quarter that the group was in the red.

The group reported a third-quarter 2014 net loss of US$23 million, compared to the US$20 million profit it made a year ago, as its container shipping business continued to weigh it down. The group announced loss per share of 0.89 US cent, compared to the earnings of 0.77 US cent per share it made last year.