Pacific Basin Shipping's H1 Profit Plunges 56%

MT Newswires Live

08/07

Pacific Basin Shipping (HKG:2343) saw a 56% decline in attributable profit in the first half of 2025 to $25.6 million from $57.6 million in the year-ago period, a Thursday filing with the Hong Kong bourse said.

Earnings per share stood at $0.005 in the interim period, down from $0.0108 in the corresponding period of the last year.

Revenue for the cargo shipping company fell 21% to $1.02 billion in the half year from $1.28 billion a year prior.

The firm declared an interim dividend of HK$0.016 per share for the half year, payable Sept. 4 to shareholders of record on Aug. 25.

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