Marine Link
Wednesday, September 28, 2016

MOL Financial Highlights Latest Quarter 2012

July 31, 2012

Mitsui O.S.K. Lines (MOL) records a loss in its recent quarterly financial report.

MOL recorded a loss in its business performance over the first quarter, despite making an improvement in its bottom line compared with the same period of the previous fiscal year.

Difficult trading conditions were attributed to the sovereign debt crisis in southern Europe, only moderate economic growth in USA, and in China a weakened pace of growth.

On the other hand, In Japan, the automobile industry experienced strong domestic sales due to the government subsidy program for eco-friendly cars. In addition, exports were steady, particularly to the U.S., and expansion in restoration demand related to the Great East Japan Earthquake brought about a gentle tone of economic recovery.

Total assets for the quarter ended on June 30, 2012, amounted to 1,988.5 billion yen, an increase of 42.4 billion yen from the end of the previous fiscal year, due to the delivery of newly completed vessels to the MOL fleet.

 



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News