Movement Alert|OOIL Falls 3.71% in Regular Trading, H1 Net Profit Down Nearly 24% Amid Rising Cost Pressures

Market Focus09-02 10:33

On September 2, OOIL fell 3.71% in regular trading, trading at HKD 148.0, with turnover of approximately HKD 45.46 million, extending the post-earnings adjustment trend.

The decline follows the company's interim results released on August 27, which showed H1 revenue of USD 5.17 billion, up 6.1% year-over-year, but profit attributable to shareholders fell 23.7% to USD 728 million. Gross margin contracted from 19.87% to 16.2%, while operating margin narrowed from 20.06% to 13.91%. Operating expenses rose approximately 11% year-over-year, with the company citing delayed Red Sea route resumption, sharp oil price fluctuations, and increased EU carbon emission costs as key cost headwinds. Operating cash flow also declined roughly 27%.

The broader marine sector traded under pressure, with COSCO SHIP HOLD down 3.41%, SITC down 3.69%, TS LINES down 2.51%, PACIFIC BASIN down 1.57%, and LC LOGISTICS down 2.77%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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