Subscribe to RSS feedLoss is first for decade
by
Keith Wallis and Hui Ching-hoo, Hong Kong
—
last modified
Aug 13, 2009 05:07 PM
OOIL reported a US$231m loss in the first six months of the year as container liftings fell 17.2% and revenue per container slumped 24.1%.
This compared with a US$159.9m net profit in the first half last year.
Revenue fell 37% to US$2.1bn between January and June, down from US$3.2bn a year earlier.
The company last sank into the red in 1999 when it reported...
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