Sinokor Merchant Marine said on the 30th that operating profit on a consolidation basis last year rose 15.4% from a year earlier to 616.2 billion won.

A Sinokor Merchant Marine bulk carrier. /Courtesy of Sinokor Merchant Marine

Revenue for the same period increased 9.5% to 3.7249 trillion won, and net profit jumped 47.9% to 663.7 billion won.

Sinokor Merchant Marine is a national carrier in which a Hong Kong company wholly owned by group chief Jeong Tae-sun holds 82.97% equity. The remaining 17.03% equity is held directly by Jeong.

It has 43 affiliates at home and abroad, including Heung-A Shipping.

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