Dongfang Overseas International (00316) Announces 2024 Annual Results Profit attributable to shareholders of US$2,577 billion, an increase of 88.43% year-on-year

According to the Zhitong Finance App, Dongfang Overseas International (00316) announced results for the year ended December 31, 2024. The company achieved revenue of 10.702 billion US dollars during the period, an increase of 28.26% over the previous year; profit attributable to the company's shareholders was US$2,577 billion, an increase of 88.43% over the previous year; and basic profit per share was 3.9 US dollars.

The announcement said that in recent years, the company has adapted to new trends in the development of the green, low-carbon and intelligent shipping industry, actively promoted modern fleet construction, and ship performance and configuration are more in line with future green and technological requirements. In 2024, the company received 6 24,188 TEU and 1 16,828 TEU newly built container ship, all of which were purchased by the company. In addition, the company has also signed leases for 6 new 13,000 standard container ships, which can be put into operation one after another starting in 2026. These ships have good navigation performance and can be deployed flexibly on different routes. At a time when the platform is so tight, this lease can ensure the further development of the fleet size, help Oriental Overseas Shipping seize development opportunities, and add flexibility to future capacity adjustments.