Global container demand declines spurred by backhaul blues
All eyes on the tariff fallout
South Korean carrier HMM today reported its best-ever quarterly result: an operating profit of KW1.02trn ($903.4m) that followed a KW2bn operating loss the year before.
This came on revenues of KW2.4trn, up 85% on the KW1.3trn booked in the same period last year.
However, it noted that due to the IFRS 16 regulations, its net profit for the quarter was KW154.1bn, compared with a loss of KW65.bn last year.
“That is a paper loss without an impact on the actual cash flow of ...
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