Summary by Moomoo AI
Oriental Overseas International Limited has announced an unaudited summary of operations for the fourth quarter ended December 31, 2023. Total revenue for the quarter fell 49.0% year-on-year to US$16.22 billion, while total cargo volume and load capacity rose 7.2% and 9.1%, respectively. Overall average revenue per standard box decreased 52.5%. Total revenue decreased 59.6% for the full year, total cargo volume and load capacity increased by 2.9% and 8.0%, respectively, and overall freight decreased by 4.0%. Cargo volume and revenue for each route vary widely. The Company reminds investors that these operational summaries are unaudited and urges investors to exercise caution when trading shares. The Company's Executive Directors include Mr. Wang Min, Mr. Chan Yang-fan and Mr. Yang Chi Kin. The list of Non-Executive Directors and Independent Non-Executive Directors has also been announced.