Tuesday Mar 13th 2018

Orient Overseas (International) Ltd Announces 2017 Full Year Results

  • Group Revenue US$6,108 million
  • Group EBITDA of US$691 million
  • Operating Cash Flow US$550 million*
  • Profit Attributable to Equity Holders US$138 million
  • Gradual recovery in economic environment : slow but steady improvement

Financial and Operational Highlights – Full Year 2017

  • OOIL’s Container Transport and Logistics business reported EBIT of US$105 million, representing an operating margin of approximately 1.7%.
  • Liner liftings grew to 6.3 million TEU.
  • The Group took delivery of five 21,413 TEU newbuilding vessels in 2017 and received the sixth in January 2018.
  • Phase II of the construction of the Long Beach Container Terminal was completed with operations commencing in October 2017.
  • Continued progress in digital technology, and in the build out of our Logistics business.

[Revenue (US¤M) - 2017: 6,108 - 2016: 5,298]
For more, see the original release from OOCL.

Source: OOCL (LF)