Independent journal on economy and transport policy
13:02 GMT+1
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HMM revenues grew by +111.4% in the second quarter of this year
In the period, the company's container fleet transported 985 thousand containers (+11%)
August 13, 2021
In the second quarter of 2021, the container fleet of the South Korean company has transported cargo volumes of about 985 thousand teu (+11%).
In the entire first half of this year the loads containerized transported by HMM ships were equal to 1.93 million teu, an increase of +8.4% on the first half of 2020.
In the first six months of 2021, the company's revenues have reached the record value of 5,334.7 billion won, with a +98.4% increase on the first half of last year and a increase of 760.4 million on the previous record marked in the second quarter of 2008. Operating costs totalled 2,772.3 billion (+15.2%). Operating profit also reached a new record value which was 2,408.2 billion won, in growth of +1,661.7% on the first half of 2020 and increasing of 1,564.1 billion on the previous record of the second half of the 2020. Pre-tax profit and net profit were equal respectively at 368.6 billion and 364.6 billion won, against negative results of -36.0 billion and -37.5 billion of won in the first six months of last year.
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