Second-quarter profit boosts ONE’s full-year forecast
The company says its net profits in July-September surged more than fivefold year on year, as a result of ‘a return to steady cargo demand’. Although overall liftings were lower compared with the previous corresponding period, headhaul utilisation levels were very high
ONE forecasts lower profits in the second half of the year amid uncertainties about the coronavirus backdrop and in anticipation of a slack season after the Chinese New Year. But the results are still expected to be much better than the previous fiscal year