PIL’s net profit reaches $1.342b in FY 2024

Last year’s earnings increased, thanks to higher operating revenue.

Pacific International Lines (PTE) Ltd (PIL) has reported a net profit of $1.342b in fiscal year (FY) 2024, up from $306.93 million the previous year.

“This strong performance was attained from the significant growth in operating revenue for 2024 and effective cost management,” the company said.

PIL’s revenue grew 49% to $4.305b in FY 2024, whilst earnings before interest, taxes, depreciation, and amortisation jumped to $1.692b from$566.17m.

“Looking ahead, we will double down on the strategies and initiatives which have worked well for us, and we will continue to work towards achieving our purpose of putting customers first by leveraging expertise and technology to provide efficient and sustainable solutions,” PIL CEO Lars Kastrup said.

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