Seoul-listed HMM said currency gains, cost cutting and assetsales helped to turn a KRW 158bn ($141m) loss during the second quarter of 2012into a KRW 31.7bn net profit in the three months to 30 June.   

The containership and bulker owner still booked an operatingloss of KRW 66.9bn though it was an improvement on the KRW 86bn deficit seen lastyear.

However revenue for the period rose by 8.7%