ID :
75281
Fri, 08/14/2009 - 15:36
Auther :
Shortlink :
https://www.oananews.org//node/75281
The shortlink copeid
STX Pan Ocean swings to loss in Q2
SEOUL, Aug. 14 (Yonhap) -- STX Pan Ocean Co., South Korea's largest bulk-shipping
line, said Friday that it swung to a loss in the second quarter of the year on
falling freight rates.
The company posted a loss of 39.4 billion won (US$36 million) in the April-June
period, compared with a profit of 179 billion won a year earlier, it said in a
regulatory filing.
Sales dropped 62 percent to 1.03 trillion won over the cited period, and the
shipper suffered an operating loss of 80 billion won, it said.
Shares of STX Pan Ocean were trading at 12,500 won on the Seoul bourse as of 1:57
p.m., down 1.96 percent.
sam@yna.co.kr
(END)
line, said Friday that it swung to a loss in the second quarter of the year on
falling freight rates.
The company posted a loss of 39.4 billion won (US$36 million) in the April-June
period, compared with a profit of 179 billion won a year earlier, it said in a
regulatory filing.
Sales dropped 62 percent to 1.03 trillion won over the cited period, and the
shipper suffered an operating loss of 80 billion won, it said.
Shares of STX Pan Ocean were trading at 12,500 won on the Seoul bourse as of 1:57
p.m., down 1.96 percent.
sam@yna.co.kr
(END)
