Ocean Net Express (ONE) said it expects to return to profit in the current fiscal year after posting a loss of $586m in FY2018.
It is aiming to make a full year net profit of $85m on increased revenue of $12.7bn, which itself is up 16.9% on a year ago.
“Profits are expected to gradually recover throughout the first half of this year, with improved liftings, which will recover to the pre-integration level throughout FY 2019,” ONE said.
