NOL Group 2nd Quarter 2007 Net Profit Up 38%

Global cargo transportation and logistics group Neptune Orient Lines (NOL) today reported a net profit for the second quarter of 2007 (2Q07) of US$93 million, 38% higher than for the same period in 2006.

The Group’s EBIT for 2Q07 was US$112 million, 27% higher quarter-on-quarter than in the second quarter of 2006 (2Q06).
For the first half of 2007 (1H07), the company reported net profits of US$136 million (down 27%) and EBIT of US$176 million (down 24%).