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20 October 2020 The on-line newspaper devoted to the world of transports 08:00 GMT+2



September 24, 2020

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Original news
The Japanese "K" Line, MOL and NYK predict that April-September half-year results will reward shareholders

Expect a decline in revenues

Japanese shipping companies Kawasaki Kisen Kaisha ("K" Line) and Nippon Yusen Kaisha (NYK) have announced today that plan to close the first half of the fiscal year 2020, which ends on 30 September, with better results than forecasts at the beginning last month. In particular, "K" Line believes that the half year will be archived with operating revenues of 309 billion yen (2.9 billion U.S. dollars) and with a result operating income of minus 11 billion yen, so as previously expected, while a profit is expected for shareholders of eight billion yen compared to a sign result -5.5 billion expected on August 5. In the first fiscal year 2019 "K" Line had recorded operating income of 372.4 billion yen, a profit 11.1 billion and a profit for shareholders of 16.3 billion billions of yen.

NYK announced plans to close the period April-September this year with revenues of 720 billion yen compared to the forecast of 706 billion on August 5, with a operating profit of 15 billion yen compared to a result expected above and with a profit for the shareholders of 18 billion compared to 9.5 billion yen expected on August 5th. NYK filed the first half of fiscal year 2019 824.7 billion yen, with an operating profit of 15.8 billion and with a profit for shareholders of 11.1 billion Yen.

Compatriot Mitsui O.S.K. Lines (MOL) also announced today the closing forecasts for the first half of the year 2020 tax, forecasts that have not been made previously due to difficulties in establishing reliable estimates due to the impact activities of the Covid-19 pandemic. MOL believes that half year will be filed with revenues of 500 billion yen, with a negative operating result of -9 billion yen and a net profit of 22 billion yen. Mol ended the first half of fiscal 2019 with a 574.3 billion yen, with an operating profit of 12.0 billion yen shareholders' profit of 25.6 billion yen.

PSA Genova Pra'



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