NOL Neptune Orient Lines - UOB Kay Hian 2016-05-09: 1Q16 ~ Losses Mount As NOL Awaits CMA-CGM’s Eventual Acquisition
NOL NEPTUNE ORIENT LINES LIMITED N03.SI Neptune Orient Lines (NOL SP) 1Q16: Losses Mount As NOL Awaits CMA-CGM’s Eventual Acquisition
- NOL’s net loss widened to US$105m for 1QFY16, amid the weakening shipping environment.
- The poor results were led by declines in freight rates and volumes, which more than offset quarterly cost savings.
- Net gearing crept up to 117%.
- Shipping outlook remains gloomy, with no near-term recovery in sight.
:.
No comments:
Post a Comment