'K' Line takes US$573.9 million loss in 9 months, sales off 71pc

JAPAN's Kawasaki Kisen Kaisha ("K" Line) suffered a loss of JPY61.9 billion (US$573.9 million) in the nine months ending December 31,

plunging from last year's same period net profit of JPY40.6 billion, the company revealed.

Revenues in those last nine months of 2009 came to at JPY612.9 billion 71 per cent lower from JPY1.05 trillion in sales in the same period last year,

said the company.

"Consolidated operational revenues for the third quarter of FY2009 accounted for JPY212.5 billion, a decrease of JPY105.5 billion compared

with the same period of the previous year," said the company results statement.