Orient Overseas International Ltd’s (OOIL) return to the black last year was achieved despite a loss of $12m by its container arm OOCL, ahead of its sale to Cosco.
Analysis of the OOIL 2017 accounts by Alphaliner reveals that OOIL’s net profit of $138m was achieved from its property and other businesses which contributed a gain of $150m.
However, OOCL comfortably outperformed the market with its year-on-year growth of 16.3% in the number …

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Source: The Loadstar