South Korean shipping company HMM remains profitable despite market uncertainty
South Korean shipping company HMM remained profitable in Q4 2023 despite the pressure on container markets. HMM reported a net profit of KRW1.01 trillion for 2023 a 90% drop compared to KRW10.12 trillion in the previous year. The company managed to remain profitable in Q4 2023 with a net profit of KRW301 billion compared to KRW1.44 trillion in the same period in the previous year.
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