An honorable member of the Coffee Shop Has Just Posted the Following:
Maersk Line – the world’s largest container shipping business – reported a jump in net profit to $714 million from $454 million, due largely to lower bunker fuel prices:
http://www.reuters.com/article/2015/...0Y41JZ20150513
Singapore-based container shipping firm Neptune Orient Lines Ltd said on Thursday its first-quarter net loss narrowed to USD$11 million (S$14.5 million) from $89 million a year earlier, aided by cost savings and lower fuel cost.
NOL reported revenue for the three months ended March 31 at $2 billion, down 13 per cent on the year, though it posted $30 million in core earnings before interest, taxes and non-recurring items, compared with a $65 million loss a year earlier.
http://business.asiaone.com/news/sin....HFQwt8Y4.dpuf
The performance of NOL’s CEO (scholar, SAF general, Temasek MD) tells the truth about “intelligence” PAP style: it doesn’t work in the real world, only in S’pore.
Cynical Investor
Source: Thoughts of a Cynical Investor
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19-05-2015, 11:40 PM
NOL versus Maersk: What can I say?
