TS LINES (02510) Issues Profit Alert, Expects Interim Profit Attributable to Equity Shareholders to Increase by Approximately 220% to 255% Year-on-Year
Stock News
Aug 01
TS LINES (02510) announced that the group expects profit attributable to equity shareholders of the company for the six months ended June 30, 2025 to be approximately US$180 million to US$200 million, representing an increase of approximately 220% to 255% compared to the profit attributable to equity shareholders of approximately US$56.3 million for the same period in 2024.
The significant increase in profit for the six months ended June 30, 2025 was mainly due to: (i) overall average freight rates increased, consistent with market trends; and (ii) charter rental income increased, mainly due to an increase in the number of vessels chartered out at higher rental rates.
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