Ocean Network Express (ONE) released its financial results for the first quarter of FY2024, covering April to June 2024.
The revenue for this quarter was US$4.211 billion, representing a 12% increase from the same period last year, with a net profit of US$779 million, an increase of US$266 million year-over-year.
Cargo movements improved due to increased consumer spending in North America and Europe, said ONE in its report. While delivering new vessels initially led to an oversupply in tonnage,...
https://container-news.com/one-reports-us4-2-billion-revenue-in-q1-fy2024/