ONE’s net profit down by 94% in FY23
NewsONE’s net profit for FY23 plummets amid lingering inflation and lack of cargo movement recovery.
Singapore-headquartered Ocean Network Express (ONE) has reported a loss of US$83M for the third quarter period of its 2023/24 fiscal year, which ends on 31 March 2024. In the equivalent period of 2022, ONE earned a profit of US$2.8B
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