OOIL: Unaudited Quarterly Operational Update For The Second Quarter Ended 30th June 2013

The Board of Directors (the “Board”) of Orient Overseas (International) Limited has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (“OOCL”) on a quarterly basis. This announcement sets out the unaudited operational update for OOCL for the second quarter of 2013 (ended 30th June 2013).
The comparative figures for the second quarter of 2012 (ended 30th June 2012) are also disclosed in this announcement.
For the second quarter of 2013 (ended 30th June 201
3), total volumes were 2.6% down from the same period last year. Total revenues decreased by 9.8% to US Dollars 1,407.3 million.
Loadable capacity increased by 0.8%. The overall load factor was 2.6% lower than the same
period in 2012. Overall average revenue per teu dropped by 7.3% compared to the second quarter of last year.
For the first six months of 2013 (ended 30th June 2013), total volumes decreased by 1.5% over the same period last year and total revenues recorded a 3.7% decrease. Loadable capacity increased by 1.8%. The overall load factor was 2.4% lower than the same period in 2012.
Overall average revenue per teu decreased by 2.2% compared to the same period last year.
CAUTION STATEMENT
The Board wishes to remind investors that this operational update for the second quarter ended 30th June 2013 is based on the Group’s internal records and management accounts and has not been reviewed or audited by the auditor. Investors are cautioned not to rely unduly on the operational update for the second quarter ended 30th June 2013. Investors are advised to exercise caution in dealing in the shares of the Company.
http://www.ooilgroup.com/financials/resultannouncements/2013/Documents/E-Quarterly%20Operational%20Update%20Jun%2013.pdf
Source: Orient Overseas (International) Limited