Subscribe to RSS feedNYK in drastic profit revision
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Obsidian
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last modified
Apr 02, 2009 12:00 AM
Nippon Yusen Kaisha has lowered its net profit forecast for the fiscal year ending March 31.
Japan's largest shipowner and logistics provider now estimates full-year 2008 net profit at 14bn (US$142.7m), down from an estimated 73bn predicted in December 2008.
NYK said the severe downturn in shipping rates and available cargo was only partially responsible...
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