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NOL's Q4 net loss balloons to US$137m

Performance is hit by lower liner revenue and higher admin expenses

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SHIPPING and logistics group Neptune Orient Lines Ltd (NOL) sank deeper into the red with a 51 per cent increase in net loss to US$137 million for the fourth quarter ended December - PHOTO: BLOOMBERG

SHIPPING and logistics group Neptune Orient Lines Ltd (NOL) sank deeper into the red with a 51 per cent increase in net loss to US$137 million for the fourth quarter ended December, attributed to lower liner revenue, a jump in administrative expenses and restructuring costs. For the three months

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