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%