Neptune Orient Lines (NOL) has reported a net profit for the first nine months of $294.6m, helped by the money from the sale of its tanker division, rising rates and cost-cutting.
At the same time NOL announced plans to raise about $300m by selling 236m new shares at a price to be disclosed. NOL's share closed at SGD 2.44 ($1.40) prior to its results being released.
The
