Subscribe to RSS feedHanjin dips to second quarter loss
by
Mike Grinter, Hong Kong
—
last modified
Aug 13, 2009 05:07 PM
DOWNWARD pressure on freight rates in transpacific trade, on which Hanjin is highly reliant, was the main contributing factor in the company’s net loss of Won399.2bn (US$325m) in the second quarter.
The latest loss reflects a significant deterioration from the first quarter, when the company recorded a net loss of US$191m.
Hanjin’s net profit a year ago was US$126.8m. Operating profit fell further to a loss of US$223m, compared with a...
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