HMM’s net profit surges almost 2,000 percent as shipping fees soar

HMM’s net profit surged 1,932.8 percent on year to 3.13 trillion won ($2.4 billion) in the first quarter, beating market expectations as shipping fees soared. The figure was higher than FnGuide’s market consensus of 2.49 trillion won. It logged revenue of 4.92 trillion won, up 102.6 percent on year. Operating profit jumped 208.9 percent to …

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