Independent journal on economy and transport policy
19:45 GMT+2
P&O Nedlloyd Q2 result lower due to Asian crisis
(Cargoweb)
August 20, 1998
P&O Nedlloyd operating profit fell from $36 million in Q2 1997 to $22 million in Q2 1998. The main reasons for this were lower revenue rates and the wider impact of Asia. However, P&O Nedlloyd achieved a record throughput for the 2nd quarter. Volumes out of Asia continue to be extremely strong, volumes going into Asia are weak. The Asian situation ...... Read more on Cargoweb
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