OOIL announces financial and operational highlights for 2013
A profit attributable to equity holders for 2013 of Orient Overseas (International) Limited and its subsidiaries (the “Group”) totaled US$47.0 million, compared to a profit of US$295.4 million in 2012, the Group said Monday in a press release.
Group's revenue reached US$6,232 million. Earnings per ordinary share in 2013 was US7.5 cents, whereas earnings per ordinary share in 2012 was US47.2 cents.
The Board of Directors recommends the payment of a final ordinary dividend of US1.88 cents (HK$0.147) per share to shareholders for 2013. This represents a total ordinary dividend payout of 25% of the profit attributable to shareholders for 2013.
The Group took delivery of eight 13,208 TEU ‘Mega’ class new-build vessels and two 8,888 TEU ‘SX’ class new-build vessels during the year representing – a 9.7% increase in net operating capacity from 2012 to 496,106 TEU. Full year effect of the larger and more efficient newbuildings is to be expected in 2014.
OOIL owns one of the world’s largest international integrated container transport businesses which trades under the name “OOCL”. With more than 320 offices in 65 countries, the Group is one of Hong Kong’s most international businesses. OOIL is listed on The Stock Exchange of Hong Kong Limited.
