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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
Published Fri, Feb 13, 2015 · 09:50 PM
Singapore
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 loss was US$216.9 million, against 2013's US$15.8 million, making it the third third consecutive year of pre-tax losses.
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