However, the company adds that it is not obligated to do quarterly reporting and is only providing this profit in "the spirit of good corporate governance and transparency."
Like most shipping companies, Samudera Shipping has enjoyed a couple of good years during the pandemic because of pent-up demand and supply chain kinks.
Rates have since normalised.
For its 1HFY2023 ended June, the company reported earnings of US$66.6 million, down 61.2% y-o-y. Revenue in the same period was down 35.8% y-o-y to US$305.9 million.
See also: Creative guides for ‘similar level of operating loss’ for 2HFY2025
Samudera Shipping closed Oct 30 at 66 cents, down 2.96% for the day and down 22.94% year to date. At its recent peak in March, its shares were changing hands at $1.48.