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Home > All news > Business > HMM remains profitable despite market uncertainty in 2023 

HMM remains profitable despite market uncertainty in 2023 

February 15, 2024
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Seoul -  The operating profit was KRW 585 billion, with a margin of 7% in 2023. The net profit came to KRW 1,006 billion, with a margin of 12% in 2023. The revenue stood at KRW 8,401 billion in 2023.

The financial structure has remained solid. The company’s debt-to-equity ratio slightly improved to 20% in 2023 from 25% in 2022.

  • Overall, the slowdown in demand and the influx of new containerships led to the normalization of the container shipping market, putting the freight rates in key trade lanes . . .

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