• ITVI.USA
    15,536.540
    74.080
    0.5%
  • OTLT.USA
    2.754
    0.002
    0.1%
  • OTRI.USA
    20.490
    -0.180
    -0.9%
  • OTVI.USA
    15,507.170
    69.970
    0.5%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,536.540
    74.080
    0.5%
  • OTLT.USA
    2.754
    0.002
    0.1%
  • OTRI.USA
    20.490
    -0.180
    -0.9%
  • OTVI.USA
    15,507.170
    69.970
    0.5%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

NYK OPTIMISTIC AFTER HALF-YEAR PROFITS

NYK OPTIMISTIC AFTER HALF-YEAR PROFITS

   NYK, Japan’s largest shipping group, said that it expects an increase in profit for its financial year due to end on March 31, 2001, after having posted a net income of 14 billion Yen ($134 million) for the six-month period from April to September.

   Operating income for the half-year period was Yen45 billion ($418 million). Ordinary income amounted to Yen31 billion ($287 million) and consolidated revenues totaled Yen563 billion ($5.2 billion) in the latest six-month period.

   NYK did not provide comparative figures for the corresponding period of 1999.

   NYK predicted that its full-year net income for the current financial year will rise to Yen28 billion ($259 million), about 75 percent more than the Yen16 billion result for the April 1999-March 2000 financial year. Ordinary income is forecast to jump to Yen60 billion ($556 million), from Yen39 billion in the previous year. Consolidated revenues are expected to reach Yen1.14 trillion ($10.6 billion), as compared to Yen1.10 trillion in the previous financial year.

   NYK announced an interim dividend of    3 Yen per share.

   The Yen14 billion ($134 million) half-year net income reported by NYK is much higher than the results announced recently by fellow Japanese shipping groups Mitsui O.S.K. Lines and “K” Line. MOL posted a Yen7.6 billion ($70 million) net profit and “K” Line’s net result was Yen1.2 billion ($11 million).

   With 57 owned vessels and 481 chartered vessels of all types, NYK is one of the world’s largest shipping groups.

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