Pacific International Lines reveals $120m half-year loss

Singapore’s Pacific International Lines (PIL) has reported a $120m net loss for the first six months of the current financial year.

Its unaudited financial results show revenue of $1.026bn for the half-year period. The total equity of the PIL group stood at $662m at the midway point of financial 2020.

In the previous full financial year of 2019, PIL reported revenue of $3.4bn