OOIL announces Operational Update for the Q4 2020; Volumes rise 24%, Revenues rises 51% (YoY)

HONG KONG: For the fourth quarter ended 31st December 2020,Oriental Overseas International Limited (OOIL) total volumes were 23.7% up from the same period last year. Total revenues increased by 51.2% to US Dollars 2,423.0 million. Loadable capacity increased by 17.5%. The overall load factor was 4.6% higher than the same period in 2019.

Overall average revenue per TEU increased by 22.2% compared to the fourth quarter of last year. For the year ended 31st December 2020, total volumes increased by 7.3% over the same period last year and total revenues recorded a 18.9% growth. Loadable capacity increased by 3.7%. The overall load factor was 2.8% higher than the same period in 2019. Overall average revenue per TEU increased by 10.8% compared to the same period last year.

The Board wishes to remind investors that this operational update for the fourth quarter ended 31st December 2020 is 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 2020. Investors are advised to exercise caution in dealing in the shares of the Company.