You are here

NOL sinks into US$98m Q1 loss; revenue down 4%

APL sees its core Ebit boosted by 10% and loss narrowed to US$83m
Thursday, May 15, 2014 - 06:00

OVERCAPACITY and low freight rates continued to plague Neptune Orient Lines (NOL), causing it to sink into a first-quarter net loss of US$98 million, from a US$76 million profit a year earlier. Last year's results included a US$200 million gain from the sale of NOL's headquarters building in

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom