ONE reports 65% revenue surge in FY2024 Q2, raises full-year profit forecast

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Ocean Network Express (ONE) has released its financial results for FY2024’s 2nd quarter (from July 2024 until September 20, 2024).

The FY2024 the second quarter of FY2024 was US$5,864 million. This is an increase of 65% over that same period previous year. The company also made an operating profit of US$199 million (YoY + US$1,812million).


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The Asia-North American and Asia-Europe trades have been experiencing strong demand driven by constant consumer demand as well as an earlier peak in the months of the months of July and August. Additionally, the early arrival of goods within trade in the North American trade are in anticipation of disruptions to supply chains.

In the forecast for the whole-year period of FY2024 the net profits are revised up to US$3,095 million from $2,745 million that was revealed at the end of July.


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Jeremy Nixon, CEO of Ocean Network Express says, “In in addition to the present political situation, the business has to contend with uncertainty over what will happen to the USA elections and the USEC port labor conditions. ONE will be watching closely for changes in macro-economic conditions, and will maintain an efficient and flexible control of its worldwide operations as well as its customer service performance. This includes a smooth introduction of the newly launched Premier Alliance E-W network from January”

For the complete report for the complete report, visit below.

More information is available here:

Ocean Network Express

Tel: +971 4 3075800

Email: [email protected]

www.eua.one-line.com

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