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20 April 2019 The on-line newspaper devoted to the world of transports 06:37 GMT+2

August 14, 2018

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Original news
Still turned out economic of sign negative for the Hyundai Merchant Marine South Korean

In the period April-june the transported containerized cargos from the fleet are increased of +17.0%

In according to trimester of this year portacontainer of the company of South Korean navigation Hyundai Merchant Marine (HMM) they have transported volumes of cargo pairs to a total of 1,15 million teu, with an increment of +17.0% regarding 986 thousand teu in the period April-june of 2017.

Sensitive Al increase of the activity of the fleet is not corresponded an increase of the volume of transactions, indeed the revenues have recorded an light decrease of -0,3% attesting to 1.238, the 8 billion one won (1,1 billion dollars) regarding 1.241, 9 mliardi of won in according to trimester last year. The operating costs are increased of +5.9% to 1.369, 2 billion won. In according to trimester of 2018, as it has happened for HMM in the 22 quarterly periods consecutive precedence, the operating result has been of sign negative and pairs to -199,8 billion won respect to an operating result negative for -128,1 billion won in the quarter April-june of 2017. The South Korean company has closed the second trimester of this year with a net loss of -242,7 billion won (214 million dollars) that it is the seventh clearly consecutive quarterly economic result of sign negative and that won is confronted with a net loss consisting than less -173,7 billion in according to trimester of 2017.

In entire the first semester of the 2018 fleet of HMM it has transported containerized cargo volumes pairs to 2,13 million teu, with a progression of +9.7% regarding 1,95 million teu in the first half last year.

The South Korean company has archived item the first six months of this year with revenues pairs to 2.350, 8 billion won, with a decrease of the -7,6% regarding 2.544, 4 billion won in the correspondent period of 2017. Also piled the operating costs have recorded a contraction having been to 2.580, 6 billion won (- 2.6%). Operating result and result clearly have been both of sign negative and pairs respective to -369,9 billion won and -418,5 billion won against sign results they also negative for -259,3 million and -908,3 billion won in the first half last year.

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