OOCL report increased first quarter results

The Board of Directors (the “Board”) of Orient Overseas (International) Limited (the “Company”) has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (“OOCL”) on a quarterly basis. This announcement sets out the unaudited operational update for OOCL for the first quarter of 2011 (ended 31st March 2011).
The comparative figures for the first quarter of 2010 (ended 31st March 2010) are also disclosed in this announcement.
For the first quarter of 2011 (ended 31st March 2011), total volumes increased 12.6% from the same period last year. Total revenues increased by 17.2% to US Dollars 1,329.8 million. With a 16.8% increase in loadable capacity, the overall load factor was 2.9% lower than the same period in 2010. Overall average revenue per teu increased by 4.2% compared with the same period last year.
The Board wishes to remind investors that this operational update for the first quarter ended 31st March 2011 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 first quarter ended 31st March 2011. Investors are advised to exercise caution in dealing in the shares of the Company.
Source: Orient Overseas (International) Limited