Pacific Basin Shipping's Profit Slides 56% in 2025

MT Newswires Live

03/03

Pacific Basin Shipping (HKG:2343) recorded an attributable profit of $58.2 million for the year 2025, down 56% from $131.7 million in the year-ago period, according to a Tuesday Hong Kong bourse filing.

Earnings per share stood at $0.0113 in the year, a decrease from $0.0247 in the previous corresponding year.

The cargo shipping company's revenue slipped 19% to $2.08 billion from $2.58 billion a year prior.

The firm recommends a final dividend of HK$0.06 per share for the period, payable May 12 to shareholders of record on April 30. The dividend is subject to shareholder approval.

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