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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 FOURTH QUARTER ENDED 31ST DECEMBER 2017
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 theunaudited operational update for OOCL for the fourth quarter of 2017 (ended 31st December 2017). The comparative figures for the fourth quarter of 2016 (ended 31st December 2016) are also disclosed in this announcement.
For the fourth quarter of 2017 (ended 31st December 2017), total volumes were 3.3% down from the same period last year. Total revenues increased by 6.0% to US Dollars 1,380.5 million. Loadable capacity increased by 1.0%. The overall load factor was 3.7% lower than the same period in 2016. Overall average revenue per teu increased by 9.6% compared to the fourth quarter of last year.
For the full year of 2017 (ended 31st December 2017), total volumes increased by 3.6% over the same period last year and total revenues recorded a 15.4% growth. Loadable capacity increased by 5.1%. The overall load factor was 1.2% lower than the same period in 2016.
Overall average revenue per teu increased by 11.4% compared to the same period last year.
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ORIENT OVERSEAS CONTAINER LINE
Q4 2017 | Q4 2016 | change | FY 2017 | FY 2016 | change | |
LIFTINGS(TEU's): | ||||||
Trans-Pacific | 472,503 | 439,620 | + 7.5% | 1,812,378 | 1,558,495 | + 16.3% |
Asia / Europe | 293,457 | 264,410 | + 11.0% | 1,137,859 | 950,649 | + 19.7% |
Trans-Atlantic | 109,916 | 104,323 | + 5.4% | 430,296 | 395,927 | + 8.7% |
Intra-Asia / Australasia | 736,857 | 859,196 | - 14.2% | 2,918,202 | 3,175,611 | - 8.1% |
TOTALALLSERVICES | 1,612,733 | 1,667,549 | - 3.3% | 6,298,735 | 6,080,682 | + 3.6% |
REVENUE(USD 000's) : | ||||||
Trans-Pacific | 531,563 | 496,112 | + 7.1% | 2,066,917 | 1,723,268 | + 19.9% |
Asia / Europe | 270,463 | 217,663 | + 24.3% | 1,102,174 | 765,798 | + 43.9% |
Trans-Atlantic | 124,594 | 129,863 | - 4.1% | 495,353 | 517,530 | - 4.3% |
Intra-Asia / Australasia | 453,887 | 458,799 | - 1.1% | 1,760,690 | 1,694,553 | + 3.9% |
TOTALALLSERVICES | 1,380,507 | 1,302,437 | + 6.0% | 5,425,134 | 4,701,149 | + 15.4% |
Performance is dependent upon costs and expenses
CAUTION STATEMENT
The Board wishes to remind investors that this operational update for the fourth quarter ended 31st December 2017is 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 fourth quarter ended 31st December 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 LEE
Company Secretary
Hong Kong, 26th January 2018
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
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OOIL - Orient Overseas (International) Limited published this content on 26 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 January 2018 15:29:04 UTC.
Original documenthttps://www.ooilgroup.com/financials/resultannouncements/Documents/2017/E-Quarterly%20Operational%20Update%20Dec%2017.pdf
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