Ocean Network Express (ONE) expects profit for keonhacai net1 second half of fiscal 2022 to be lower than keonhacai net1 profit it reported for keonhacai net1 second quarter due to keonhacai net1 effects of falling demand and a deteriorating freight market.
Reporting results for keonhacai net1 second quarter ended September 30, 2022 ONE posted .52 billion in profit over keonhacai net1 three-month period, up from .32 billion year-over-year.
keonhacai net1 company recorded a sudden drop in demand in August and September, along with a sharp drop in spot container freight rates. “Despite keonhacai net1 deteriorating market situation, freight rates remained high throughout keonhacai net1 second quarter compared with keonhacai net1 same period last year, supporting keonhacai net1 profit figure,” said ONE. In keonhacai net1 first half of fiscal 2022, keonhacai net1 Japanese-owned container shipping company reported a profit of .02 billion.
Looking at keonhacai net1 second half of fiscal 2022, ending March 31, 2023 ONE expects a significantly lower profit margin than reported for keonhacai net1 first half of keonhacai net1 year. “keonhacai net1 drop in freight demand is expected to continue into keonhacai net1 second half of keonhacai net1 year, resulting in a forecast profit after tax of ,250 million in keonhacai net1 second half of fiscal 2022,” keonhacai net1 carrier said.
As a result, keonhacai net1 full-year profit forecast for fiscal year 22 is .27 billion, about .49 billion lower than keonhacai net1 previous year. This reflects reduced demand and a deteriorating freight market.
