Orient Overseas (International) (HK:0316) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Orient Overseas (International) Limited reported a decrease in profit for the first half of 2024, with a profit of $834,055,000 compared to $1,129,397,000 in the same period last year. This drop is despite a slight increase in revenue, from $4,540,681,000 to $4,645,576,000. The company experienced overall comprehensive income for the period, although there was a loss in other comprehensive income due to currency translation adjustments and remeasurement on defined benefit schemes.
For further insights into HK:0316 stock, check out TipRanks’ Stock Analysis page.
