APL turns in US$26m Q1 profit, reaping the benefit of being part of larger group
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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.
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