Summary by Futu AI
OOIL announced its interim financial report for the six months ended June 30, 2024, showing a net profit attributable to shareholders of $0.833 billion, a decrease from $1.129 billion in the same period last year. EBITDA reached $1.277 billion, compared to $1.569 billion last year. Basic earnings per share were $1.26, lower than $1.71 in the first half of 2023. Despite this, the company announced an interim dividend of $0.63 per share. During the reporting period, the company faced the pressure of the worsening Red Sea situation and oversupply of capacity, but most of the routes regained momentum due to tight supply chains and strong demand. The company made progress in sustainable development and once again won the "Asia Freight, Logistics and Supply Chain Awards - Best Green Shipping Company". Looking ahead, although the market is relatively high, uncertainty still exists, and the company will continue to be cautious. OOIL was announced by Chairman Min Wan on August 22, 2024.