Orient Overseas (International) Limited (OOIL) and its subsidiaries have announced a profit for 2011 of US$181.6 million, compared with a profit of US$1.867 billion in 2010.

“While we started 2011 believing that the extremes of 2009 and 2010 were behind us and that we had a period of steady growth ahead, trading conditions in the container transportation industry over the past year became increasingly difficult,” said OOIL chairman C C Tung. “While overall global demand levels grew, the slow rate of economic growth in the United States and in Europe saw only muted volume growth for container trade to those markets. Demand growth proved inadequate for the orderly absorption of new-build capacity that delivered during the year.”

OOCL lifting increased 6 percent year-on-year. The peak cargo moving season was brief with only a moderate increase in volume in July and August. Average revenue per TEU was 7 percent lower overall for the year, mainly due to a 29 percent erosion in freight rate levels from Asia to Europe.

Ask: 46.95   Bid: 46.85   Book Value: 7.206   Change: -0.10   Trade Date: -   EPS Estimate Current Year: 0.00   52-week Low: 32.00   Annualized Gain: -   Market Capitalization: 29.391B   Change From 52-week Low: +14.95   Percent Change From 52-week High: -23.91%   High Limit: -   Change From 200-day Moving Average: +0.9412   Percent Change From 50-day Moving Average: +6.54%   Open: 47.50   Change in Percent: -0.21%   Ex-Dividend Date: 1-Sep-11   Price/EPS Estimate Next Year: N/A   Short Ratio: N/A   Ticker Trend:  ======    Holdings Value: -   Day`s Value Change: - - -0.21%   Dividend Yield: 0.77   Commission: -   Dividend/Share: 0.363   Earnings/Share: 3.6662   EPS Estimate Next Year: 0.00   Day`s Low: 46.85   52-week High: 61.70   Holdings Gain: -   Percent Change From 52-week Low: +46.72%   Last Trade (With Time): May 16 - 46.95   Low Limit: -   50-day Moving Average: 44.07   Percent Change From 200-day Moving Average: +2.05%   Previous Close: 47.05   Price/Sales: 4.56   P/E Ratio: 12.83   PEG Ratio: N/A   Last Trade Time: 3:59am   1 yr Target Price: 6.32   EPS Estimate Next Quarter: 0.00   Day`s High: 47.50   Holdings Gain Percent: - - -   EBITDA: 449.8M   Change From 52-week High: -14.75   Last Trade (Price Only): 46.95   Day`s Range: 46.85 - 47.50   200-day Moving Average: 46.0088   Change From 50-day Moving Average: +2.88   Price Paid: -   Price/Book: 6.53   Dividend Pay Date: N/A   Price/EPS Estimate Current Year: N/A   Volume: 397949   52-week Range: 32.00 - 61.70   Stock Exchange: HKSE