HMM on Monday reported “strong results for 2022,” including a 34.8% year-over-year gain in operating profit. But to clarify, the South Korean ocean carrier had strong results for part of 2022, as fourth-quarter operating profit plunged 53.4% year over year.
The first three bullet points in HMM’s financial disclosure statement refer to full-year increases in revenue and operating and net profit. HMM, which reports in Korean won, said 2022 revenue rose 34.7% from 2021 to a calculated $14.54...
https://www.freightwaves.com/news/hmm-reports-strong-2022-despite-q4-profit-plunge