As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Wednesday, 16 February 2011

NOL posts Q4 net profit of US$177m

SINGAPORE - Neptune Orient Lines, the world's seventh largest container shipping firm, reported on Wednesday better-than-expected fourth-quarter net profit, reversing from a loss the previous year as freight rates and cargo volumes soared.

NOL, around two-third owned by Temasek Holdings, posted fourth quarter net profit of US$177 million compared to a loss of US$211 million a year ago. Its results beat the average analyst estimate of US$121.9 million according to Thomson Reuters I/B/E/S.

For the whole of 2010, NOL made a net profit of US$461 million compared with a loss of US$741 million in 2009.

The global shipping industry suffered its worst downturn in history in 2009 as the recession hit global trade and forced many companies to lay up ships and cut jobs.

NOL said that 'notwithstanding the improved performance for 2010, market conditions are uncertain'. -- REUTERS

No comments:

Post a Comment

Related Posts with Thumbnails