FilingReader Intelligence
SITC International's revenue soars amid increased freight rates
April 29, 2025 at 05:16 PM UTC•By FilingReader AI
SITC International Holdings (HKEX:1308) announced a strong unaudited Q1 2025, highlighted by a 38.6% revenue increase to US$760.5 million from US$548.9 million year-over-year, fueled primarily by higher average freight rates. Container shipping volume also rose by 6.8% to 795,387 TEUs. The company's average freight rate increased approximately 34.7% to US$803.5 per TEU.
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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HKEX:1308•Hong Kong Exchange
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