HMM makes steep climb toward profitability

Despite a global economy walloped by the coronavirus pandemic, HMM on Wednesday reported an incredible 90% net profit improvement in the first half of the year.

Even with the steep climb, HMM’s net profit remained in the hole at negative 37.5 billion Korean won (minus $31 million) for the first six months of 2020. Still, that number was a drastic move from the trench of negative 379.2 billion won (minus $314 million) reported for the first half of 2019. In other words, that climb took HMM up...


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