2006-11-17 18:20
HMM swings to loss in 3rd quarter
Hyundai Merchant Marine Co.(HMM), one of Korea's leading shipping companies, reported Nov.9 a net loss for the third quarter of the year due to high oil prices and the Korean won's gain against the US dollar.
The net loss amounted to 1 billion won (US$1.1 million) during the July-September period, a turnaround from a net profit of 45.7 billion won during the same period last year, the company said in a regulatory filing.
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