Independent journal on economy and transport policy
12:42 GMT+2
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Japan's "K" Line, MOL and NYK expect the April-September half year results to reward shareholders
Expect a decline in revenues
September 24, 2020
NYK announced plans to close the period April-September this year with revenues of 720 billion yen compared to the forecast of 706 billion on August 5, with a operating profit of 15 billion yen compared to a result expected above and with a profit for the shareholders of 18 billion compared to 9.5 billion yen expected on August 5th. NYK filed the first half of fiscal year 2019 824.7 billion yen, with an operating profit of 15.8 billion and with a profit for shareholders of 11.1 billion Yen.
Compatriot Mitsui O.S.K. Lines (MOL) also announced today the closing forecasts for the first half of the year 2020 tax, forecasts that have not been made previously due to difficulties in establishing reliable estimates due to the impact activities of the Covid-19 pandemic. MOL believes that half year will be filed with revenues of 500 billion yen, with a negative operating result of -9 billion yen and a net profit of 22 billion yen. Mol ended the first half of fiscal 2019 with a 574.3 billion yen, with an operating profit of 12.0 billion yen shareholders' profit of 25.6 billion yen.
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