Breadcrumb
FINANCIAL RESULTS FOR FY2024 3rd Quarter
OCEAN NETWORK EXPRESS released Financial Result for FY2024 3rd Quarter
SINGAPORE, 31 January 2025 – Ocean Network Express (ONE) released the financial result for FꦺY2024 3rd Quarter (from October 2024 to December 20𒁃24).
The revenue for FY2024 3rd quarter was US$4,846million, up 44% from the same quarter 𝔉of the last year, with net profit of US$1,156million (YoY +US$1,239million).
The Asia-North America trade saw stable cargo movement driven by strong consumer spen꧅ding, in addition to concern about the labor negotiations in th𝓀e East Coast and Gulf ports. The Asia-Europe trade also experienced strong cargo movement.
| FY2023 | FY2024 | 3Q Results to FY2023 3Q |
1Q-3Q Results to FY2023 1Q-3Q |
|||||
| 3Q Result |
1Q-3Q Results |
3Q Results |
1Q-3Q Results |
change | change (%) |
change | change (%) |
|
| Revenue | 3,357 | 10,671 | 4,846 | 14,921 | 1,489 | 44% | 4,250 | 40% |
| EBITDA | 170 | 1,376 | 1,583 | 5,186 | 1,413 | 831% | 3,810 | 277% |
| EBIT | -248 | 168 | 1,049 | 3,581 | 1,297 | - | 2,914 | 437% |
| Profit/Loss | -83 | 617 | 1,156 | 3,935 | 1,239 | - | 3,318 | 538% |
For the full year💧 forecast for FY2024, net profit guidance is revised to US$4,034million from US$3,𝕴095 million, which was announced on 31 October 2024.
The financial results for FY2024 3rd Quarter can be downloaded here.
About Ocean Network Express (ONE)