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FINANCIAL RESULTS FOR FY2024 2nd Quarter
OCEAN NETWORK EXPRESS released Financial Result for FY2024 2nd Quarter
SINGAPORE, 1st November 2024 – Ocean Network Express (ONE) released the finꦿancial result for FY2024 2nd Quarter 🌳(from July 2024 to September 2024).
The revenue for FY2024 2nd quarter was US$5,864million, up 6⛎5% from the same quarter of the last year, with net profit of US$1,999million (YoY +US$1,812million).
The Asia-North America and Asia-Europe trades have experienced strong demand, driven by consistent consumer demand and an early peak season in July and August. In addition, early shipments in the North America trade are in response to potential supply chain disruptio𒆙ns.
| FY2023 | FY2024 | 2Q Results to FY2023 | 1H Results to FY2023 | |||||
| 2Q Result |
1H Results |
2Q Results |
1H Results |
change | change (%) |
change | change (%) |
|
| Revenue | 3,549 | 7,314 | 5,864 | 10,075 | 2,315 | 65% | 2,760 | 38% |
| EBITDA | 436 | 1,206 | 2,386 | 3,603 | 1,950 | 447% | 2,397 | 199% |
| EBIT | 31 | 416 | 1,865 | 2,532 | 1,834 | 5,916% | 2,116 | 509% |
| Profit/Loss | 187 | 700 | 1,999 | 2,778 | 1,812 | 969% | 2,078 | 297% |
For the full year forecast for FY2024, net profit guidance is revised to US$3,095million꧋ from US$2,745 million which was announced on 31 July.
The financial results for FY2024 2nd Quarter can be downloaded here.
About Ocean Network Express (ONE)