NOL slashes Q4 loss but FY deficit widens

Singapore

NEPTUNE Orient Lines (NOL) managed to slash its fourth-quarter net loss to US$85 million, from US$137 million a year ago, but for the full year of 2014, the national shipping line's net loss more than trebled to US$260 million from US$76 million.

The full-year pre-tax loss was US$216.9 million, against 2013's US$15.8 million, making it the third third consecutive year of pre-tax losses.

NOL on Friday drew attention to a Singapore Exchange (SGX) listing rule which states that a mainboard company will be put on a watch-list if it has pre-tax losses - excluding one-time items - for three year…