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01308 SITC
RTNominal down7.030 -0.120 (-1.678%)
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25/10/2019 12:17

SITC (01308) 9-month revenue up 6.5% to US$1128.2 million

[ET Net News Agency, 25 October 2019] SITC International Holdings Company Limited
(01308) said revenue generated by the group's container shipping and logistics business
increased by 6.4% from US$1,041.7 million for the nine months ended 30 September 2018 to
US$1,108.4 million for the nine months ended 30 September 2019.
For the nine months ended 30 September 2019, the group's container shipping volume from
container shipping and supporting logistics business amounted to 1.80 million TEUs,
representing an increase of 3.6% as compared to 1.74 million TEUs for the corresponding
period in 2018.
The group's average freight rate from container shipping and supporting logistics
business (excluding slot exchange fee income) for the nine months ended 30 September 2019
reached US$537.0 per TEU, representing an increase of 2.2% from US$525.5 per TEU for the
corresponding period in 2018.
Further, revenue generated from the group's dry bulk and others business increased by
11.9% from US$17.7 million for the nine months ended 30 September 2018 to US$19.8 million
for the corresponding period in 2019.
As a result, revenue of the group increased by 6.5% from US$1,059.5 million for the nine
months ended 30 September 2018 to US$1128.2 million for the corresponding period in 2019.
(RC)

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