Most Popular
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[Weekender] Geeks have never been so chic in Korea
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N. Korea says it test-fired tactical ballistic missile with new guidance technology
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NewJeans members submit petitions over court injunction in Hybe-Ador conflict
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[News Focus] Mystery deepens after hundreds of cat deaths in S. Korea
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S. Korea's exports of instant noodles surpass $100m for 1st time in April: data
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[Herald Interview] Byun Yo-han's 'unlikable' character is result of calculated acting
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US military commander in S. Korea during Gwangju uprising dies
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[KH Explains] Why Korea's so tough on short selling
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[Photo News] Seoul seeks 'best sleeper'
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Actors involved in past controversies return first via streaming service originals
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Hyundai Merchant to see turnaround next year, chief says
By a2016032Published : May 16, 2017 - 17:32
Hyundai Merchant Marine Co., a major shipping firm here, will be able to achieve a turnaround during the second half of next year given its improving financial status and business conditions, its chief said Tuesday.
"Our business is quickly getting back on track helped by improving business and financial conditions," Hyundai Merchant chief executive Yoo Chang-keun said in a meeting with junior-level employees.
"Our business is quickly getting back on track helped by improving business and financial conditions," Hyundai Merchant chief executive Yoo Chang-keun said in a meeting with junior-level employees.
On Monday, Hyundai Merchant reported that its operating loss narrowed to 131 billion won ($117 million) in the first quarter from an operating loss of 163 billion won the previous quarter.
Sales rose 7 percent on-year to 1.3 trillion won over the cited period, it said.
Hyundai Merchant expects freight rates to improve down the road on seasonal factors.
The top executive said earlier that next year's forecast for Hyundai Merchant is based on prospects for better business conditions, reduced costs and realigned routes. (Yonhap)
