Independent journal on economy and transport policy
21:34 GMT+1
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Japan's ONE quarterly revenue falls as net profit grows
Deterioration of the level of the nols
January 31, 2020
The Japanese company has announced that the improvement in the net profit contributed costs to ship fuel lower than expected. In the third quarter of the fiscal year 2019 the average cost of the bunker was 417 dollar/ton, down -14.4%. In addition, ONE specified recorded a third quarter of the year deterioration in the level of wages in both traffic and traffic between Asia and North America and the trade between Asia and Europe.
ONE was formed by the merger of the shipping containerized shipping of Japanese companies Kawasaki Kisen Kaisha ("K" Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) 31%, 31% and 38% of the capital, and it has become operational April 1, 2018.
"K" Line filed the third quarter of the year 2019 tax rate with revenues of 194.8 billion yen (1.8 billion yen) -12.4%. Operating profit 10.6 billion yen, or 253.3%, and net profit at 8.9 billion yen compared to a net loss of -6.4 billion in corresponding period of the previous fiscal year.
For MOL, the third quarter of fiscal 2019 revenues of 292.9 billion yen (-9.1%), a profit 12.3 billion yen (-17.8%) and a net profit of 22.8 billion yen (up 59.0%).
NYK ended the same period with revenues of 428.5 billion yen (-8.6%), operating profit of 16.6 billion yen, or 89.9%, and a net profit of 5.5 billion yen compared to a loss -978 million yen in the third quarter of the fiscal year 2018.
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The Japanese company has announced that the improvement in the net profit contributed costs to ship fuel lower than expected. In the third quarter of the fiscal year 2019 the average cost of the bunker was 417 dollar/ton, down -14.4%. In addition, ONE specified recorded a third quarter of the year deterioration in the level of wages in both traffic and traffic between Asia and North America and the trade between Asia and Europe.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
