In the first half of the 2018 revenues of the OOIL they are increased of +10.0%



In the first semester of the 2018 group Orient Overseas (International) Ltd. of Hong Kong it has recorded revenues pairs to USA 3,11 billion dollars, with an increment of +10.0% regarding 2,83 billion dollars in the first semester of the 2017 (period whose turned out they are rectified in order to take into consideration the adoption of happened accounting principles HKFRS 9 1°th January). We remember that in the first six months of this year the company of navigation Orient Overseas Container Linens (OOCL), that integrally it is controlled by OOIL and that work in the segment of the containerized marine transport, has totaled revenues deriving from the activity of the fleet pairs to 2,84 billion dollars(on 27 July 2018). Altogether in the first half of the 2018 revenues deriving from the activities of marine transport of the container and from the logistic activities of the group of Hong Kong they are piled to 3,10 billion dollars (+10.1%). The operating profit has been attested to 50,5 million dollars (- 52.7%).

OOIL has closed the first six months of this year with a net loss of -10,3 million dollars respect to a profit clearly of 53,6 million dollars in the same period of 2017. The economic result clearly of the first semester of 2018 does not include profits for 35,4 million dollars generated from the terminalistiche activities of the group in the United States that OOIL recently has been engaged to yield and that they are classified as stopped operating activity(on 9 July 2018).

The engagement to sell the quotas in the American societies is agreed with the USA authorities to the aim to obtain their approval to the project of acquisition of OOIL notified from shipowning group Chinese COSCO Shipping with the compatriot Shanghai International Port (Group) Co. (SIPG), proposed that it is accepted by the shareholders of the OOIL(on 16 July 2018).

Commenting today the results achieved from the group in the first semester of this year and referring to the next acquisition of the OOIL by COSCO and SIPG, the president of the group of Hong Kong, Xu Lirong, it has emphasized that to such purpose the company "has assumed six engagements in order to preserve integrity of the OOIL. It is - it has evidenced - an important decision that it reflects our full confidence in management of the OOIL and the quality of employee its. In future - it has added Lirong - OOIL will continue absolutely to maintain high standards operating, high standards of the services and an elevated ability in information the technology". "Therefore - it has concluded - OOIL will become more competitive and effective, it will exercise greater infuence on the market and, as previously, it will offer to the produced customers and services first class".