FilingReader Intelligence

Global Pacific Shipping revenue jumps 65% but profit falls 38%

August 15, 2025 at 06:03 PM UTCBy FilingReader AI

Global Pacific Shipping reported net revenue of VND 352bn for the first half of 2025, up 65% from VND 214bn in the same period last year. However, profit after tax fell 38% to VND 24bn from VND 38bn.

The company attributed revenue growth to investing in a fifth vessel in January 2025, expanding its fleet capacity. Profitability was hit by higher insurance and operating costs plus falling freight rates due to geopolitical conflicts and global economic weakness.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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