Orient Overseas (International) (HK:0316) has released an update.
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Orient Overseas (International) Limited reported a significant surge in Q3 2024 revenues with a 73.7% increase to $3.056 billion, outperforming the same quarter in 2023. The company saw a 3.6% rise in total liftings and a substantial 67.6% increase in average revenue per TEU. Despite a decrease in loadable capacity, the overall load factor improved by 4.2%, signaling stronger operational efficiency.
For further insights into HK:0316 stock, check out TipRanks’ Stock Analysis page.
