HONG Kong’s Orient Overseas (International) Limited, whose principal holding is Orient Overseas Container Line (OOCL), suffered a 320 per cent year-on-year decline in net profit to US$1.36 billion drawn on revenues of $19.82 billion, which fell 627 per cent. ‘The exceptionally robust market we witnessed during the pandemic is now far behind us, and we have returned to a rather normal yet uncertain 2023,’ said the statement accompanying the results. Despite this, OOIL, now a Casco unit, said its...
https://www.seanews.com.tr/ooil-profit-sales-fall-in-23-but-alls-well-overall/199964/