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OOIL 1H profit recedes

Asia

Thursday, August 02, 2012

Orient Overseas (International) Ltd., the Hong Kong-based parent of liner carrier OOCL, said Thursday its operating profit fell 25.5 percent year-on-year in the first half of 2012 to $140 million. OOIL had first-half revenue of $3.1 billion, 6.9 percent higher than in the corresponding period in 2011. Of that $3.1 billion, OOCL contributed $2.9 billion, up 5 percent from the first half of 2011. The company did not provide operating profit figures for its liner division alone. &nbs...

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