Japan’s largest shipowner said net income was JPY 20bn ($195m) versus the JPY 20.5bn seen in the first half of the previous fiscal year.
However, the result marks a 66.7% improvement on net income predictions of JPY 12bn made by NYK at the end of July.
“The main reasons for the difference were the steady growth of the liner trade, yen depreciation and lower bunker costs, and income from asset sales,” NYK said Friday.
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