SITC International Holdings' (HKG:1308) revenue rose 14.2% to $2.81 billion for the nine months ended Sept. 30 from $2.46 billion a year ago.
The shipping and logistics company said container shipping volume rose 5.9% year on year to 2.9 million twenty-foot equivalent units (TEUs) from January through September. The average freight rate, excluding slot exchange fee income, was $825.9 per TEU, up 9.4% on year.
Additionally, SITC declared a special dividend of HK$1 per share, expected to be paid on Dec. 17 to shareholders of record as of Dec. 11. The ex-dividend date is Dec. 4.
Shares were down 4% in afternoon trading.
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