31/10/2013at 11:36

Mitsui’s austerity measures seem to have an impact

Mitsui Orient Lines (MOL) delivers net profits of USD 216.26m in Q2 2013. A brutal cost-cutting plan is meant to ensure a profit for the full year.

BY KATRINE GRØNVALD RAUN

Following a devastating 2012, Japan’s largest carrier Mitsui Orient Lines (MOL) is back in black in the second quarter of its fiscal year 2013. The carrier delivers net profits of JPY 21.14bn (USD 216.26m) up from a deficit of JPY 13.08bn in the same period last year. And company revenue rose to JPY 845bn from JPY 756bn in Q2 2012, the financial report reveals.

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