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ORIENT OVERSEAS (INTERNATIONAL) LIMITED
東 方 海 外 ( 國 際 ) 有 限 公 司 *
(Incorporated in Bermuda with members' limited liability)
(Stock code: 316)
UNAUDITED QUARTERLY OPERATIONAL UPDATE
FOR THE SECOND QUARTER ENDED 30TH JUNE 2020
The Board of Directors (the "Board") of Orient Overseas (International) Limited (the "Company") has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line ("OOCL") on a quarterly basis. This announcement sets out the unaudited operational update for OOCL for the second quarter ended 30th June 2020. The comparative figures for the second quarter ended 30th June 2019 are also disclosed in this announcement.
For the second quarter ended 30th June 2020, total volumes were 4.6% down from the same period last year. Total revenues increased by 1.1% to US Dollars 1,583.8 million. Loadable capacity decreased by 6.4%. The overall load factor was 1.6% higher than the same period in 2019. Overall average revenue per teu increased by 5.9% compared to the second quarter of last year.
For the first six months ended 30th June 2020, total volumes decreased by 2.6% over the same period last year and total revenues recorded a 3.2% growth. Loadable capacity decreased by 4.2%. The overall load factor was 1.3% higher than the same period in 2019. Overall average revenue per teu increased by 6.0% compared to the same period last year.
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ORIENT OVERSEAS CONTAINER LINE
Q2 2020 | Q2 2019 | change | |
LIFTINGS ( TEU's ) : | |||
Trans-Pacific | 491,526 | 502,507 | - 2.2% |
Asia / Europe | 343,982 | 366,575 | - 6.2% |
Trans-Atlantic | 126,244 | 123,472 | + 2.2% |
Intra-Asia / Australasia | 726,303 | 776,294 | - 6.4% |
TOTAL ALL SERVICES | 1,688,055 | 1,768,848 | - 4.6% |
REVENUE ( USD 000's ) : | |||
Trans-Pacific | 623,218 | 622,261 | + 0.2% |
Asia / Europe | 335,572 | 308,327 | + 8.8% |
Trans-Atlantic | 140,096 | 154,264 | - 9.2% |
Intra-Asia / Australasia | 484,890 | 481,582 | + 0.7% |
TOTAL ALL SERVICES | 1,583,776 | 1,566,434 | + 1.1% |
Performance is dependent upon costs and expenses
1H 2020 | 1H 2019 | change |
941,316 | 943,691 | - 0.3% |
675,657 | 691,815 | - 2.3% |
253,279 | 240,294 | + 5.4% |
1,416,225 | 1,498,612 | - 5.5% |
3,286,477 | 3,374,412 | - 2.6% |
1,181,659 | 1,180,734 | + 0.1% |
662,915 | 613,236 | + 8.1% |
289,168 | 294,859 | - 1.9% |
990,375 | 937,690 | + 5.6% |
3,124,117 | 3,026,519 | + 3.2% |
CAUTION STATEMENT
The Board wishes to remind investors that this operational update for the second quarter ended 30th June 2020 is based on the Group's internal records and management accounts and has not been reviewed or audited by the auditor. Investors are cautioned not to rely unduly on the operational update for the second quarter ended 30th June 2020. Investors are advised to exercise caution in dealing in the shares of the Company.
By order of the Board
Orient Overseas (International) Limited
Lammy LEE
Company Secretary
Hong Kong, 24th July 2020
As at the date of this announcement, our Executive Directors are Mr. XU Lirong, Mr. WANG Haimin, Mr. YANG Zhijian and Mr. FENG Boming; our Non-Executive Directors are Mr. TUNG Lieh Cheung Andrew, Mr. YAN Jun, Ms. WANG Dan, Mr. IP Sing Chi and Ms. CUI Hongqin; and our Independent Non-Executive Directors are Mr. CHOW Philip Yiu Wah, Dr. CHUNG Shui Ming Timpson, Mr. YANG Liang Yee Philip, Ms. CHEN Ying and Mr. SO Gregory Kam Leung.
- For identification purpose only website: http://www.ooilgroup.com
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OOIL - Orient Overseas (International) Limited published this content on 24 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 July 2020 08:40:01 UTC