OOIL top line on the rise as Asia-Europe trade improves
Hong Kong-listed container line reports improvement in revenue for third quarter.
by Andy Pierce
Spikes in the Asia-Europe and Trans-Pacific trades have helped Orient Overseas (International) Limited push up its third quarter revenue.
Hong Kong-listed OOIL says its top line climbed by a quarter to $1.45bn in the three months to the end of September.
It came as volumes increased by 5% on a year-on-year basis.
The Trans-Pacific remains the company’s largest source of income with revenue fromthe region up by over 14% to $474.79m, according to figures released today.
At the same time income from the Asia-Europe business jumped by one quarter to $297.90m.
Income from the Trans-Atlantic was also on the rise, but revenue from the Intra-Asia /Australasia business area dropped back.