I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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Friday 14 May 2010

NOL narrows losses in Q1, sees full year profit

How will NOL perform next week?


By JOYCE HOOI


NEPTUNE Orient Lines narrowed its losses year-on-year for its first quarter ended Apr 2, 2010 by posting a loss of US$98.5 million compared to a loss of US$244.6 million in the corresponding period last year.

The better performance was attributed to higher volume and increasing freight rates under the improved container shipping operating environment.

Revenue for the quarter grew a robust 36 per cent, from US$1.54 billion the year before to US$2.1 billion. The increase in revenue is mainly due to the increase in container shipping revenue which experienced volume and rate improvement.

Loss per share stood at 3.82 US cents, compared to a loss per share of 15.01 US cents in Q1 2009.

NOL expects to return to profitability for the full year on continued improvements in volumes and freight rates in its principal markets.

The group's counter closed a cent lower in trading today, to $2.14.

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