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ONE dials down optimism despite big profit

ONE improved its second quarter result with USD 313 million compared to the same period of 2018. But concerns about the global economy prompt the liner company to downgrade its guidance for full-year 2019.

Photo: PR / ONE

Japanese container shipping company Ocean Network Express (ONE) has made more money in 2019 than last year.

Freshly published second quarter figures show growth in both revenue and profit. Uncertainties in the global economy, however, have led the company's executive management, headed by Chief Executive Jeremy Nixon, to downgrade its full-year guidance.

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