HMM Co.,Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
November 13, 2024 at 01:00 am EST
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HMM Co.,Ltd reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was KRW 61,930 million compared to KRW 63,920 million a year ago. Net income was KRW 1,738,471 million compared to KRW 95,363 million a year ago. Basic earnings per share from continuing operations was KRW 2,307 compared to KRW 163 a year ago. Diluted earnings per share from continuing operations was KRW 1,696 compared to KRW 90 a year ago. Basic earnings per share was KRW 2,307 compared to KRW 163 a year ago. Diluted earnings per share was KRW 1,696 compared to KRW 90 a year ago.
For the nine months, sales was KRW 199,987 million compared to KRW 183,613 million a year ago. Net income was KRW 2,884,427 million compared to KRW 705,609 million a year ago. Basic earnings per share from continuing operations was KRW 3,992 compared to KRW 1,348 a year ago. Diluted earnings per share from continuing operations was KRW 2,814 compared to KRW 678 a year ago. Basic earnings per share was KRW 3,992 compared to KRW 1,348 a year ago. Diluted earnings per share was KRW 2,814 compared to KRW 678 a year ago.
HMM Co Ltd, formerly Hyundai Merchant Marine Co Ltd, is a Korea-based company specialized in the provision of shipping services. The Company operates its business through three segments. The Container segment provides dangerous cargo service, reefer cargo services, over-sized cargo service and others. Its container services provide container carrier transportation services, which include transpacific services, Asia-Europe services, transatlantic services, intra-Asia services and Latin America services. The Bulk segment provides transportation services with vessels such as tankers, liquid natural gas (LNG) carriers, liquid petroleum gas (LPG) carriers and trampers for LNG, LPG, steel mills, power plants, coals and iron ores suppliers. The Other segment engages in the terminal operation.