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17 February 2020 The on-line newspaper devoted to the world of transports 04:35 GMT+1



February 14, 2020

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Hyundai Merchant Marine reports loss reduction

The company has collected an operating result of sign negative for the 29th consecutive quarterly period

Also in the October-December period of 2019, for the thirteenth quarter in a row, the company's net income Hyundai Merchant Marine (HMM) is a negative sign status even if it shows a marked improvement compared to the corresponding period of the previous year, as -88.3 billion won (75 million U.S. dollars) compared to -205.3 billion won in the fourth quarter of 2018. Revenues -6.4% as 1,352.5 trillion won compared to 1,445.6 billion won in the last quarter of 2018 and operating profit, for the 29th quarter consecutive quarterly period, was a negative and -38.5 billion won compared to a negative EBIT for -65.7 billions in the quarter of the previous year.

In the full year of 2019, the company's revenues 5,513.1 billion won, up 5.6% year. Operating profit and profit were both negative and equal to -304.0 billion and -591.7 billion won against results also negative sign for -558.7 billion and -790.6 billion won in the 2018.


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