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NOL sinks into US$98m Q1 loss; revenue down 4%

APL sees its core Ebit boosted by 10% and loss narrowed to US$83m

OVERCAPACITY and low freight rates continued to plague Neptune Orient Lines (NOL), causing it to sink into a first-quarter net loss of US$98 million, from a US$76 million profit a year earlier. Last year's results included a US$200 million gain from the sale of NOL's headquarters building in...

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