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Orient Overseas (International) Limited Announces 2020 Full Year Results
Financial and Operational Highlights – Full Year 2020
Container Transport and Logistics business reported EBIT of US$1,005 million, representing an EBIT margin of approximately 12.3%.
Liner liftings grew to 7.5 million TEU.
Ordered twelve 23,000 TEU new vessels for delivery in 2023 and 2024.
Balance Sheet Highlights
Net cash of US$253 million as at 31st December 2020
Liquid assets of US$3.3 billion as at 31st December 2020
Details
Orient Overseas (International) Limited (“OOIL”) today announced a profit from operations of US$903.0 million for 2020, compared to a profit of US$195.2 million in 2019. Profit attributable to equity holders for 2020 was US$902.7 million (2019: US$1,348.8 million, including profit on disposal of Long Beach Container Terminal of US$1,153.6 million). ....

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