NOL breaks loss-streak with US$50m profit

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.