ONE reported during lunch break today (31 Jan). Net profit dropped 50% QoQ and
2022 financial year (Apr 2022-Mar 2023) earning guidance was cut by 4% or Q4
(Jan-Mar 2023) earing guidance was cut by 37%m. The 50% QoQ drop in net earnings
is a touch better than the 60% QoQ drop that we previously estimated based on
the Taiwanese liner's top line results here
[https://www.linerlytica.com/app/post/twn-liners-top-line-reports-hinted-potentially-60-qoq-fall-in-net-profit/]
.
ONE's average freight ra