It reported an operating loss of KRW 62bn ($60.4m) for the three monthsended 31 March against a consensus of a loss of KRW 43bn.
Seoul-based HMM reported sales for the quarter of KRW 2 trillion, whichwas ahead of consensus of KRW 1.88 trillion.
HMM’s financial frailty is reflected in the fact that its net debt toequity ratio has more than doubled over the past year to 1,573%.
The
