SOUTH Korea’s leading container shipper HMM said its third-quarter earnings tumbled on sluggish shipping rates amid decreased cargo volume. Net income amounted to KRW95.4 billion (US$72.3 million) in the July-September period, down 96 per cent from a year earlier, the shipping company said in a regulatory filing. Sales dipped 58 per cent year on year to KRW2.1 trillion, with operating income plunging 97 per cent to KRW75.8 billion. In the first three quarters of this year, the company posted a...
https://www.seanews.com.tr/hmm-q3-net-profit-sinks-96pc-on-lower-shipping-rates/198859/