MOL sees sharp net profit drop

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A sign of Japanese shipping company Mitsui O.S.K. Lines is seen at the company's head office in Tokyo July 20, 2009. REUTERS/Stringer

Mitsui O.S.K. Lines (MOL) has reported net profit attributable to shareholders amounting to JPY 213.2bn ($1.3bn), down 49.9% from JPY 425.4bn a year earlier.

Ordinary profit dropped to JPY 175.8bn from JPY 419.7bn, while revenue rose to JPY 1.8trn.

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