ONE reports surge in net profit for FY 2024

This was despite geopolitical tensions and regional uncertainties.

Ocean Network Express (ONE) has reported a $4.244b net profit in fiscal year (FY) 2024, surging by 336% from the previous year.

In a statement, ONE said its revenues also jumped 32% to $19.233b

Jeremy Nixon, CEO of ONE said these were achieved “despite ongoing geopolitical tensions and regional economic uncertainties.”

“Through our participation in the newly established The Premier Alliance, launched in February, along with various other service partnerships, we have further expanded our global network and enhanced our service offerings to better meet customers’ evolving needs,” he said.

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