Neptune Orient Lines to stay afloat

Neptune Orient a profit for the first time in 7 quarters

In brief: Neptune Orient Lines is beginning to get the first profits in 7 quarters.

Singapore’s container company Neptune Orient Lines, which owns the largest container fleet in Asia, has published data on the first 7 quarters of profit due to increased volume and cost of transport.

It is reported that net profit Neptune Orient in the second quarter of this year totaled $ 99.7 million compared with $ 146.2 million loss for the same period a year earlier. This Neptune Orient expects a significant increase in profits in the third quarter. It is worth noting that in the second quarter, the company carried 32% more containers than the previous year due to higher demand in the U.S. for clothing, toys and furniture. In this case a month ago the company for the first time in three years commissioned the construction of new ships.

Anrey Torbinski
2010-08-08 13:49, Economics.

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