Summary by Futu AI
Ooil announced unaudited Q2 operating summary as of June 30, 2024. The report shows that the company's Q2 total revenue increased by 14.4% YoY to $2.265 billion, and total freight volume increased slightly by 0.9%, but transport capacity decreased by 3.4%. In addition, the overall transport rate increased by 3.6% compared to the same period last year, and the overall average income per standard box increased by 13.4%. On different routes, the Pacific route saw an 8.0% increase in freight volume, while the Asia/Europe route decreased by 17.2%. The Atlantic route and the intra-Asia/Australia route decreased by 4.5% and increased by 6.9%, respectively. The company emphasizes that these operational data have not been audited or reviewed by auditors and reminds investors to treat them with caution. The board of directors consists of executive directors Mr. Wan Min, Mr. Chan Yangfan, and Mr. Tao Weidong, as well as non-executive directors and independent non-executive directors.