HMM Reports Record Q1 Operating Profit of 1.0193 Trillion Won

[Asia Economy Reporter Minji Lee] HMM announced on the 14th that it recorded an operating profit of 1.0193 trillion KRW in the first quarter of this year, achieving its highest-ever performance. In the first quarter of last year, it recorded an operating loss of 2 billion KRW. Sales increased by 85% year-on-year to 2.428 trillion KRW, and net profit turned positive to 154.1 billion KRW. The significant improvement in sales and operating profit is attributed to the rise in shipping freight rates and an increase in cargo volume.