Orient Overseas (International) Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Orient Overseas (International) (HKG:316) Full Year 2024 Results

Key Financial Results

• Revenue: US$10.7b (up 28% from FY 2023).
• Net income: US$2.58b (up 88% from FY 2023).
• Profit margin: 24% (up from 16% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$3.90 (up from US$2.07 in FY 2023).

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

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

Orient Overseas (International) Revenues Beat Expectations

Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Container Transport and Logistics segment contributing a total revenue of US$10.7b (100% of total revenue). Notably, cost of sales worth US$7.88b amounted to 74% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$518.6m (90% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$331.0m. Explore how 316's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to fall by 5.7% p.a. on average during the next 3 years compared to a 3.6% decline forecast for the Shipping industry in Hong Kong.

Performance of the Hong Kong Shipping industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Orient Overseas (International) (1 doesn't sit too well with us!) that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.