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Tue, Mar

SITC reports 19 per cent profit rise on strong Asian demand

SITC reports 19 per cent profit rise on strong Asian demand

World Maritime
SITC reports 19 per cent profit rise on strong Asian demand

Gross profit reached $1.31 billion, which translated to an improved margin of 38.4 per cent. Administrative expenses grew by 6.7 per cent to $153.6 million, primarily due to an increase in staff bonus costs.

The board of directors declared a final dividend of HK$1 ($0.13) per share for the financial year. This follows an interim dividend of HK$1.30 and a special payment of HK$0.70 per share, the company confirmed.

As of December 31, 2025, the group operated a fleet of 119 vessels with a total capacity of 184,961 TEU. The fleet comprised 99 self-owned and 20 chartered vessels with an average age of 9.4 years.

Capital expenditure for the year totalled $133.1 million. This spending was mainly attributed to the purchase of container vessels for $60 million and containers for $46 million, the business reported.

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