HMM's profit jumps fivefold in 2024

The Korea Times

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HMM's profit jumps fivefold in 2024

Shipping giant HMM posted massive earnings in 2024, with its operating profit soaring fivefold from the previous year, driven by surging container shipping rates, the company said Tuesday.

gat.no

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Halvard Hinlo can look back on a tremendous increase from the previous year for the company Isør project AS, where he almost fivefolded his results.

mfame.guru

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HMM Bounces Back with Strong 2024 Profits - mfame.guru

HMM reported a net profit of KRW3.78 trillion ($2.60 billion) for 2024 up 290% compared to KRW970 billion in 2023. Revenues were up 39% year-on-year at KRW11.7 trillion in 2024, reports Container News. HMM nearly quadruples net profit in 2024 The South Korean company reported an operating margin of 30% which it said showed its competitiveness in the global shipping market. HMM said the much-improved result compared to 2023 was driven by fleet ex…

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South Korean Shipping Giant HMM Posts 500% Operating Profit Surge Amid Market Upheaval

South Korean shipping giant HMM delivered strong financial results in 2024, with revenue reaching KRW 11,700 billion (USD $8 billion) and operating profit hitting KRW 3,513 billion (USD $2.3 billion)...

The Loadstar

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HMM reports 500% rise in operating profit, and eyes fleet and route expansion - The Loadstar

South Korean container line HMM is yet another major carrier to enjoy a bumper 2024, today reporting a 500% increase in operating profits, to $2.42bn. Revenue for the year was $8.05bn, 39% up on 2023, delivering an operating margin of 30%, “demonstrating [HMM’s] competitiveness in the global shipping market”, it said, adding that its debt ratio was maintained over the year at 21%. “The strong performance was driven by strategic fleet expansion .…

porttechnology.org

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HMM reports $8.05 million revenue in 2024

Hyundai Merchant Marine (HMM) has reported 2024 financial performance, with a revenue of KRW 11,700 billion ($8.05 million). Additionally, the South Korean shipping line had a net profit of KRW 3,781 billion ($2.6 million) and an operating profit of KRW 3,513 billion ($2.4 million) in 2024. The operating margin in 2024 is 30 per cent, […] The post HMM reports $8.05 million revenue in 2024 appeared first on Port Technology International.