ONE reported its 4Q earnings for fiscal year 2022, which is 1Q23 on calendar
year, during lunch break last Friday (28 Apr) with net profit down 56% QoQ and
76% YoY. Though, such quarterly results were still better than any quarter
before 2021.
The average unit revenue earned by ONE fell just 38% YoY whereas CCFI dropped
68% YoY as ONE likely benefited from higher contract mix and more diversified
route mix than the CCFI, which is based on all China origin cargoes.
ONE management has not prov