NEPTUNE Orient Lines ended six straight quarters of losses with net profits of US$50 million in its third quarter ended Sept 21.
It posted a US$91 million loss in the corresponding quarter of last year.
Q3 revenue was up four per cent to US$2.30 billion from $2.21 billion a year ago.
However, in the first nine months of 2012, its losses came up to
US$321.4 million, deepening from US$157.8 million in the same reporting
period.
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[Premium] Thoughts on Evergrande
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Thought to do a post on Evergrande given the market carnage, and why I
don’t think Evergrande will be a Lehman-like event: China’s central bank is
the stro...
1 hour ago
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