HMM reported a net profit of KRW3.78 trillion ($2.60 billion) for 2024 up 290% compared to KRW970 billion in 2023. Revenues were up 39% year-on-year at KRW11.7 trillion in 2024, reports Container News.
HMM nearly quadruples net profit in 2024The South Korean company reported an operating margin of 30% which it said showed its competitiveness in the global shipping market.
HMM said the much-improved result compared to 2023 was driven by fleet expansion with twelve 13,000 teu newbuildings and...
https://mfame.guru/hmm-bounces-back-with-strong-2024-profits/