South Korean container shipping company HMM has announced solid results in the first quarter of 2025.
In particular, HMM reported a 23% revenue jump year-on-year to KRW2,855 billion (US$2 billion), a 51% increase in operating profit, reaching KRW614 billion (US$439 million) and a 52% growth in net profit to KRW740 billion (US$520 million).
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“Despite declining freight rates and the impact of U.S. tariff policies, we achieved solid profit growth...