ORIENT OVERSEAS (INTERNATIONAL) LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
ORIENT OVERSEAS (INTERNATIONAL) LIMITED東方海外（ 國際） 有限公司 *
(Incorporated in Bermuda with limited liability)
(Stock code: 316)
UNAUDITED QUARTERLY OPERATIONAL UPDATE FOR THE FIRST QUARTER ENDED 31ST MARCH 2017The 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 first quarter of 2017 (ended 31st March 2017). The comparative figures for the first quarter of 2016 (ended 31st March 2016) are also disclosed in this announcement.
For the first quarter of 2017 (ended 31st March 2017), total volumes were 7.0% up from the same period last year. Total revenues increased by 6.4% to US Dollars 1,185.3 million. Loadable capacity increased by 0.9% and the overall load factor was 5.0% higher than the same period in 2016. Overall average revenue per teu decreased by 0.6% compared to the first quarter of last year.
ORIENT OVERSEAS CONTAINER LINELIFTINGS Q1 2017 Q1 2016 | change | REVENUES Q1 2017 Q1 2016 | change |
( TEUs) | ( US$'000) |
Trans-Pacific | 393,469 | 327,657 | + 20.1% | 443,716 | 400,644 | + 10.8% |
Asia / Europe | 251,289 | 213,737 | + 17.6% | 227,292 | 176,335 | + 28.9% |
Trans-Atlantic | 100,861 | 96,943 | + 4.0% | 118,612 | 133,079 | - 10.9% |
Intra-Asia / Australasia | 724,398 | 735,835 | - 1.6% | 395,709 | 403,770 | - 2.0% |
Performance is dependent upon costs and expenses
CAUTION STATEMENTThe Board wishes to remind investors that this operational update for the first quarter ended 31st March 2017 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 first quarter ended 31st March 2017. Investors are advised to exercise caution in dealing in the shares of the Company.
By order of the Board
Orient Overseas (International) Limited Lammy LEECompany Secretary
Hong Kong, 28th April 2017
As at the date of this announcement, our Executive Directors are Messrs. TUNG Chee Chen, TUNG Lieh Cheung Andrew and TUNG Lieh Sing Alan; our Non-Executive Director is Professor Roger KING and our Independent Non-Executive Directors are Mr. Simon MURRAY, Mr. CHOW Philip Yiu Wah, Professor WONG Yue Chim Richard, Mr. CHENG Wai Sun Edward and Mr. KWOK King Man Clement.
* For identification purpose only website: http://www.ooilgroup.com
OOIL - Orient Overseas (International) Limited published this content on 28 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 April 2017 09:59:16 UTC.
Original documenthttp://www.ooilgroup.com/financials/resultannouncements/Documents/2017/E-Quarterly%20Operational%20Update%20Mar%2017.pdf
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