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NYK books profit in H1NYK books profit in H1

Nippon Yusen Kaisha (NYK) booked a first half net gain of JPY20.5bn ($208.61m) as against a loss of JPY4.1bn in the previous corresponding period due largely to the depreciation of the yen and lower bunker prices, on top of gains from sale of investment securities.

Lee Hong Liang, Asia Correspondent

October 31, 2013

1 Min Read
Kalyakan - stock.adobe.com

Revenue from the six-month period of April to September this year came up to JPY1.09trn compared to JPY944bn a year ago, NYK announced on Thursday.

NYK is maintaining a full year profit forecast of JYP30bn, representing a 59.6% jump over the previous financial year.

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dry bulk shipping

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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