Independent journal on economy and transport policy
13:43 GMT+1
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In according to trimester Hyundai Merchant Marine is incurred in a net loss of approximately -152 million dollars
For the nineteenth consecutive trimester the operating result has been of sign negative
August 11, 2017
In according to trimester of the 2017 South Korean shipowning society Hyundai Merchant Marine (HMM) has recorded a net loss of -173,7 billion won (152 million dollars) respect to a profit of clearly 216,0 billion won in the period April-june last year, turned out these last that it had benefitted of proceeds deriving from investments in controlled, connected society and joint venture pairs to 533,7 billion won.
In according to trimester of this year revenues of the Asian company is increased of +22.1% attesting itself to 1.242, 0 billion won regarding 1.016, 8 billion won in the same period of 2016. The operating result, for the nineteenth consecutive trimester, has been of sign negative and pairs to -128,1 billion won respect to an operating result of sign negative for -254,3 billion won in according to trimester last year.
In the trimester April-june of this year the fleet of the company, that it is constituted give approximately 60 portacontainer, has transported containerized cargo volumes pairs to 986 thousand teu, with a progression of +46% regarding the correspondent period of the 2016 that is also yields at the end of the potenziamento of the services of the company and the range of its fleet put into effect after the failure of the compatriot Hanjin happened Shipping last year.
In the first semester of the 2017 South Korean company has totaled revenues pairs to 2.544, 4 billion won, in increase of +13.9% regarding 2.234, 7 billion won in the first half last year. Operating result and economic result clearly have been both of sign negative and pairs respective to -259,3 million and -908,3 billion won regarding results they also of sign negative for -417,0 million and -60,1 billion won in the first six months of 2016.
In the first semester of this year the fleet of the HMM has transported cargo volumes pairs to beyond 1,9 million teu, with an increment of +42% approximately on the same period of 2016.
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In according to trimester of the 2017 South Korean shipowning society Hyundai Merchant Marine (HMM) has recorded a net loss of -173,7 billion won (152 million dollars) respect to a profit of clearly 216,0 billion won in the period April-june last year, turned out these last that it had benefitted of proceeds deriving from investments in controlled, connected society and joint venture pairs to 533,7 billion won.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
