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NOL Q3 profit plunges 60% to US$20m

Revenue down 10%; APL's revenue slides 13% to US$1.7b

Published Wed, Oct 30, 2013 · 10:00 PM

NEPTUNE Orient Lines (NOL) reported a decline in third-quarter net profit of 60 per cent to US$20 million on the back of lower freight rates and volume.

This was US$30 million less than the US$50 million net profit it posted for the corresponding quarter last year.

The mainboard-listed company also saw its revenue for the quarter ended Sept 20, 2013, decline 10 per cent to US$2.06 billion.

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Companies & Markets

Companies & Markets

NOL Q3 profit plunges 60% to US$20m

Companies & Markets

TikTok tells advertisers: ‘We are not backing down’

EV automakers get reprieve in US tax credit rules

Nomura, Mizuho face losses on All Blue fund’s failed trades

Stablecoin Tether steps up monitoring in bid to combat illicit finance

HSBC asked by US$890 billion investor group to set energy goal

BHP’s biggest rivals sit on the sidelines of Anglo M&A drama

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