Royal P&O Nedlloyd surges back into the black

News Story
- 19 Aug 2004 ( #171 ) - ROTTERDAM, Netherlands
1 min read
Royal P&O Nedlloyd has returned from a USD51-million operating loss last year to post an operating profit of USD121 million for the first half of this year.
The company said increasing volumes and freight rates helped lift net profit to USD81 million in the 2004 first half, from a loss of USD78 million in the corresponding period last year.
"The continuing improvement in our financial performance at this half-year stage has allowed us to revise our internal expectations for the full year,'' CEO Philip Green said.
"Subject to any unforeseen change in the economic environment, we expect container shipping to achieve at least USD325 million profit before interest and tax this year.
"Foreseeable supply and demand trends in container shipping remain favourable."
KION posts records FY earnings
KION posts records FY earnings 7 Mar 2024 - Frankfurt, Germany - 1 min read
Hyster-Yale posts strong Q4 and FY earnings
Hyster-Yale posts strong Q4 and FY earnings 7 Mar 2024 - Cleveland, OH, United States - 1 min read
Manitou posts record revenue for FY23
Manitou posts record revenue for FY23 1 Feb 2024 - Ancenis, France - 1 min read
Do you have materials handling news? Submit your news here

PREMIUM business

Ningbo Ruyi Joint Stock Co., Ltd.
Manufacturer of forklifts, power stackers & pallet trucks.

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!

Words of support …

These releases in Forkliftaction are a nice experience for SNDC... We got seven inquiries coming from Canada, USA, Mexico, Israel and Australia (five from retailers, two from machines manufacturers) and we are still in contact with them. I can state that's a success story!

David Massat, Sales Director OEM and Export

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!