Summary by Moomoo AI
OOIL announced its interim financial report for the six months ended June 30, 2024, showing a attributable net profit to shareholders of 0.833 billion US dollars, a decrease from 1.129 billion US dollars in the same period last year. EBITDA reached 1.277 billion US dollars, compared to 1.569 billion US dollars last year. Earnings per share for common stock were $1.26, lower than $1.71 in the first half of 2023. Nevertheless, the company declared a mid-term dividend of $0.63 per share. During the reporting period, the company faced challenges from the worsening geopolitical tensions and overcapacity in the industry, but most routes regained momentum driven by tight supply chains and strong demand. The company made progress in sustainable development and once again won the 'Asia Freight, Logistics, and Supply Chain Awards - Best Green Maritime Company'. Looking ahead, although the market remains relatively high, uncertainties persist, and the company will continue to exercise caution. The announcement was made by Chairman Wan Min on August 22, 2024.
