PIL earnings drop 21.7% to US$1 billion in 2025 amid lower freight rates
But its principal business of container shipping posts a 1.2% marginally higher revenue of US$3.8 billion
Add BT as a preferred source
[SINGAPORE] Pacific International Lines (PIL) reported on Wednesday (Apr 29) a 21.7 per cent drop in net profit to about US$1 billion for 2025, amid lower freight rates.
Revenue was US$4.3 billion, 0.8 per cent lower year on year.
However, its principal business of container shipping posted a 1.2 per cent marginally higher revenue of US$3.8 billion.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Singtel H2 net profit down 20.9% at S$2.2 billion; telco open to Aussie minority partner in Optus
Apex court rejects resulting trust claim in 99-1 condo dispute
Singapore shipping veteran, SBF chair Teo Siong Seng and others accused by US of price fixing
