Hyundai Merchant Marine returns to profit

South Korea's Hyundai Merchant Marine (HMM) emerged to profit in the third quarter on higher revenues, Seatrade Asia online reports.

HMM recorded third quarter operating profit of KRW28.6bn ($26m) as against a net loss of KRW98.7bn in the same period of last year.

Revenue rose 12% year-on-year to KRW2.12trn.

The company had announced in October a share sale plan worth around KRW219bn.