Independent journal on economy and transport policy
03:22 GMT+2
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Hyundai Merchant Marine reduces the losses
Last year the revenues of the South Korean company are increased of +3.9%
February 12, 2019
In the 2018 revenues of the company of South Korean navigation Hyundai Merchant Marine (HMM) they have grown of +3.9% attesting to 5.222, 1 billion won (4,6 billion dollars) regarding 5.028, 0 billion won in the exercise anniversary precedence. The operating result has been of sign negative and pairs to -576,5 billion won respect to a sign result also it negative for -406,8 billion won in 2017. HMM has closed the 2018 with a net loss of -808,3 billion won respect to a net loss of -1.190, 7 billion won in the year precedence.
In the solo fourth trimester of the 2018 revenues of the company they have recorded a strong increase of +21.7% having been piled to 1.445, 5 billion won regarding 1.188, 0 billion won in the period October-December of the year precedence. Operating result and economic result clearly have been both of sign negative and pairs respective to -83,5 billion and -223,0 billion won regarding results of sign negative for -118,0 billion and -249,6 billion won in the last trimester of 2017.
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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