FINWIRES · TerminalLIVE
FINWIRES

SITC International Posts Slightly Higher Revenue in Q1

-- SITC International's (HKG:1308) revenue rose around 1.5% to $772.3 million in the first quarter from $760.5 million a year prior, a Monday Hong Kong bourse filing said.

The marine shipping services company attributed the higher revenue mainly to an increase in container shipping volume.

The firm's container shipping volume rose by 7.6% year-over-year to 855,795 TEUs, while the average freight rate (excluding slot exchange fee income) fell 4.7% to $766 per TEU.

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