JAPAN's NYK Line's container shipping business posted an operating profit of US$131.9 million in the first quarter from April 1 to June 30, of its current fiscal year after suffering a loss of $207.5 million in the first quarter the year before. Revenue in the same period was up 39.7 per cent to $393 million.

In the current fiscal year beginning on April 1, 2010 and ending on March 31, 2011, NYK expects operating profit from its overall business to grow 98.3 per cent year on year to $823 million and revenue to increase 5.3 per cent year on year to $11.2 billion.

Source: shipping online