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Samudera Shipping Line doubles net profit y-o-y to US$41.8 mil in 1HFY2025

Jovi Ho
Jovi Ho • 2 min read
Samudera Shipping Line doubles net profit y-o-y to US$41.8 mil in 1HFY2025
Bani M Mulia, CEO of Samudera Shipping Line. The group says it expects the operating environment for the container shipping industry to remain challenging in the near term. Photo: Albert Chua/The Edge Singapore
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Mainboard-listed Samudera Shipping Line has posted net profit of US$41.8 million for 1HFY2025 ended June 30, doubling y-o-y.

This comes on the back of a 28% y-o-y increase in revenue to US$285.5 million, mainly driven by increased business activity and container freight rate improvements. This outpaced a 19.7% y-o-y rise in cost of sales.

For 1HFY2025, earnings per share rose to 7.77 US cents from 3.88 US cents in 1HFY2024.

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