Wilhelmsen profit lifted by sale of Hyundai Glovis

3PLs

Friday, November 09, 2012

Norway's Wilh. Wilhelmsen Holding (WWH), a part owner of the roll-on/roll-off carriers Wallenius Wilhelmsen, American Roll-on, Roll-off Carrier, and Eukor, said its profit was lifted by a gain from sale of shares in the logistics company Hyundai Glovis in the third quarter. The company reduced its ownership of Glovis from 15 percent to 12.5 percent. The company said after-tax profit in the quarter ending Sept. 30 was $166 million, compared to $89 million in the third ...

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