OOCL revenue increases 25% in first half

Orient Overseas (International) Limited (OOIL Group announced a profit attributable to shareholders of USD 158.3 million for the first half of 2008.

Profit before tax from continuing activities for the period was USD 175.6 million including a USD 10 million negative revaluation of Wall Street Plaza.

Its container transport and logistics operations showed improved results year-on-year, with a 1.7% increase in operating profit to USD 208.9 million for the first half of 2008 compared to the equivalent 2007 period.

Total operating profit, excluding the revaluation of Wall Street Plaza, of USD 227.6 million was down
45.8 million compared to the first half of 2007. This reduction was principally a result of lower earnings in relation to the group? liquid assets.

Company directors recommended the payment of an interim dividend of USD 0.065 (HKD 0.51 at the exchange rate of USD 1 : HKD 7.8) to be paid on September 12th, 2008, to the ordinary shareholders of the company whose names appear on the register of members of the company on September 1st, 2008.<Korea Shipping Gazette>