P&O NEDLLOYD has achieved an operating profit in the second quarter of US$11 million before restructuring costs of $4 million, compared to a loss of $46 million in Q2 2002, according to internet new service Schednet. This represents a substantial improvement in the company’s performance compared with both Q2 2002 and Q1 2003 (an operating loss of $57million before restructuring costs of $1million).
