NOL Q3 profit plunges 60% to US$20m
Revenue down 10%; APL's revenue slides 13% to US$1.7b
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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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