SUBSCRIBERS
APL turns in US$26m Q1 profit, reaping the benefit of being part of larger group
Published Tue, Jun 6, 2017 · 09:50 PM
Singapore
THE benefits of being part of a larger group are showing in Singapore-headquartered container shipping line APL's first-quarter report card.
APL turned in a net profit of US$26 million for the three months ended March 31. This compares with a net loss of US$105.1 million posted by its then Singapore-listed parent, Neptune Orient Lines (NOL) for the year-ago period.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Google, US clash over search advertising as trial winds down
Apple rallies most in 18 months on upbeat forecast, buyback
US: Wall St opens sharply higher on soft jobs data
HSBC has no plans to dispose of further businesses, chairman says
Glencore Group nears deal for Shell’s Singapore oil refinery
Chinese share of French EV market slumps after incentives curbed