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
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[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.
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