Orient Overseas (International) First Half 2024 Earnings: EPS: US$1.26 (vs US$1.71 in 1H 2023)

Simply Wall St·08/26/2024 07:23:56

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Orient Overseas (International) (HKG:316) First Half 2024 Results

Key Financial Results

Revenue: US$4.65b (up 2.3% from 1H 2023).
Net income: US$833.3m (down 26% from 1H 2023).
Profit margin: 18% (down from 25% in 1H 2023). The decrease in margin was driven by higher expenses.
EPS: US$1.26 (down from US$1.71 in 1H 2023).

earnings-and-revenue-growth — SEHK:316 Earnings and Revenue Growth August 26th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Orient Overseas (International) Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Shipping industry in Asia.

Performance of the market in Hong Kong.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Orient Overseas (International) has 4 warning signs (and 2 which can't be ignored) we think you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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