UNAUDITED QUARTERLY OPERATIONAL UPDATE
FOR THE SECOND QUARTER ENDED 30TH JUNE 2018
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 of 2018 (ended 30th June 2018). The comparative figures for the second quarter of 2017 (ended 30th June 2017) are also disclosed in this announcement.
For the second quarter of 2018 (ended 30th June 2018), total volumes were 4.6% up from the same period last year. Total revenues increased by 4.0% to US Dollars 1,462.4 million. Loadable capacity increased by 4.7%. The overall load factor was at par with the same period in 2017. Overall average revenue per teu decreased slightly by 0.6% compared to the second quarter of last year.
For the first six months of 2018 (ended 30th June 2018), total volumes increased by 6.0% over the same period last year and total revenues recorded a 9.6% growth. Loadable capacity increased by 9.9%. The overall load factor was 3.1% lower than the same period in 2017. Overall average revenue per teu increased by 3.5% compared to the same period last year.
The Board wishes to remind investors that this operational update for the second quarter ended 30th June 2018 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 2018. Investors are advised to exercise caution in dealing in the shares of the Company.