(Bloomberg) -- Hyundai Merchant Marine Co., South Korea's second-largest shipping line, reported a first-quarter loss compared with a year-earlier profit because of lower container rates and a stronger won.
Net loss totaled 8.96 billion won ($9.7 million) compared with a 137.7 billion won profit a year earlier, the Seoul-based company said in a regulatory filing today. Sales dropped 6.2 percent to 1.13 trillion won.
Read more at Bloomberg Emerging Markets News
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