Reported 25 days ago
Ocean Network Express (ONE) announced a revenue of $5.9 billion for Q2 of the fiscal year, marking a 65% increase from the previous year. The net profit also rose to $2 billion from $1.8 billion. The growth was driven by strong demand in Asia-North America and Asia-Europe trades, attributed to consistent consumer activity and an early peak season. ONE has adjusted its full-year profit guidance to $3.1 billion, while closely monitoring geopolitical factors and labor situations affecting the industry.
Source: YAHOO