Orient Overseas' Revenue Jumps 55% in Q4 2024

MT Newswires Live

2025/01/10

Orient Overseas (International)'s (HKG:0316) revenue in the fourth quarter of 2024 jumped 55% year over year to around $2.51 billion, a Friday Hong Kong bourse filing said.

The logistics company's total liftings saw a 6.1% boost, while loadable capacity increased by 4.2%.

The overall load factor was 1.5% higher than the year-ago period, with average revenue per TEU increasing by 46.2% compared to a year ago.

For the entire 2024, revenue increased by 30.2% while liftings inched up 3.5%.

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