Orient Overseas (International) (HKG:316) First Half 2024 Results
Key Financial Results
- Revenue: US$4.65b (up 2.3% from 1H 2023).
- Net income: US$833.3m (down 26% from 1H 2023).
- Profit margin: 18% (down from 25% in 1H 2023). The decrease in margin was driven by higher expenses.
- EPS: US$1.26 (down from US$1.71 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Orient Overseas (International) Earnings Insights
Looking ahead, revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Shipping industry in Asia.
Performance of the market in Hong Kong.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - Orient Overseas (International) has 4 warning signs (and 2 which can't be ignored) we think you should know about.
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