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Article: SHIPPING CO KOREA LINE SWINGS TO LOSS IN Q3 ON FALLING RATES.(Financial report)
- Article from:
- AsiaPulse News
- Article date:
- November 10, 2009
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SEOUL, Nov 10 Asia Pulse - Korea Line Corp. (KSE:005880), South Korea's second-largest bulk shipping line, said Tuesday that it swung to a
loss in the third quarter of the year due to a fall in freight rates.
Net loss reached 153 billion won (US$132 million) in the July-September period, compared with a profit of 164 billion won a year earlier, the company said in ...