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NOL slashes Q4 loss but FY deficit widens

Factors include trebling of 2014 finance expense and big gain in 2013 from sale of NOL building; core Ebit improving amid cost-cutting

COST SAVINGS: NOL said continuous focus on operational efficiency and rigorous cost management helped improve its core Ebitda.


NEPTUNE Orient Lines (NOL) managed to slash its fourth-quarter net loss to US$85 million, from US$137 million a year ago, but for the full year of 2014, the national shipping line's net loss more than trebled to US$260 million from US$76 million.

The full-year pre-tax...

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