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APL turns 3Q profit

Asia

Thursday, October 25, 2012

The liner carrier APL said Thursday it has an operating profit of $55 million in the third quarter, reversing the $88 million lost during the same period in 2011. The positive result from the liner business was part of a $74 million operating profit for Singapore-based NOL, parent of APL and sister company APL Logistics. APL's revenue in the third quarter was nearly $2 billion, a 3 percent increase year-on-year, while average revenue per TEU carried increased 2 p...

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