OOCL posts solid revenue and profit growth
Orient Overseas (International) Limited, owner of Orient Overseas Container Line (OOCL), has reported strong financial results for the full year 2024, with a total revenue of US$10.7 million.
The company achieved an EBIT of US$2.6 million, reflecting solid profitability at the operational level, while EBITDA stood at US$3.5 million, demonstrating strong earnings before accounting for depreciation and amortization. Additionally, operating cash flow reached US$3.2 million, highlighting the firm’s financial stability and liquidity.
The profit attributable to equity holders for the year was US$2.6 million. The company has also recommended a total dividend payout of approximately 50% of the profit attributable to equity holders, amounting to US$1.3 million. Additionally, a final dividend of US$1.32 per ordinary share has been proposed, reinforcing the company’s focus on delivering value to its investors.
Meanwhile, OOCL announced increased liner liftings to 7.6 million TEUs in 2024.
| | 2024 | 2023 |
| Liftings (TEU’000) | 7,595 | 7,338 |
| Loadable Capacity (TEU’000) | 9,046 | 9,021 |
| Operating Capacity (TEU’000) | 986 | 965 |
| Container Transport & Logistics EBIT (US$ million) | 2,666 | 1,421 |
| Container Transport & Logistics EBIT Margin | 25% | 17.1% |
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