You are here

NOL Q3 profit plunges 60% to US$20m

Revenue down 10%; APL's revenue slides 13% to US$1.7b

NEPTUNE Orient Lines (NOL) reported a decline in third-quarter net profit of 60 per cent to US$20 million on the back of lower freight rates and volume. This was US$30 million less than the US$50 million net profit it posted for the corresponding quarter last year. The mainboard-listed company