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20 May 2022 The on-line newspaper devoted to the world of transports 13:01 GMT+2

May 13, 2022

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Original news
HMM closes another quarter with financial results record

Recorded an increase of +115.8% in the value of freight

After breaking the record in the first quarter of 2021 history of quarterly revenues established in the last quarter of the 2008, in the other three quarters of last year the company of South Korean navigation HMM has again raised the record of quarterly turnover and so it was also in the first quarter of 2022 in which revenues rose to all-time high of 4,918.7 billion won (3.8 billion won) dollars), with a decisive increase of +102.6% on the same period of 2021 produced for the significant growth of +115.8% in the value of freight. The increase in operating costs that is more contained amounted to 1,681.0 billion won (+26.5%).

Operating profit and net profit also marked new historical records being results equal respectively to 3,148.6 billion (+208.9%) and 3,131.7 billion won (+1,932.8%).

HMM announced that in the first quarter of this year of total volumes of containerized cargoes transported by the 34.4% of its fleet was embarked on the ships used in the services with the Americas compared to 40.1% in the same period of the 2021. Services with Europe transported 23.0% of volumes total compared to 22.5% in the first quarter of last year, services in Asia 33.3% compared to the previous 30.4% and services with Korea 9.4% compared to 7.0% last year.

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