NOL Q3 net slides 82 pct, sees Q4 operating loss

Reuters, 29 Oct 2008, Kevin Lim

SINGAPORE, Oct 29 (Reuters) - Singapore's Neptune Orient Lines (NOL) posted on Wednesday an 82 percent drop in third-quarter net profit, hurt by falling demand for container shipping and higher oil prices.

The firm said it expected an operating loss in the fourth quarter as it saw a more pronounced and prolonged downturn.

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