Orient Overseas International (00316.HK) shares opened 5.5% lower on the morning of the 28th at HK$161.6, or approximately $21, after the company reported first-half net profit of US$728 million, approximately NT$23 billion, down 23.7% year-over-year. Revenue rose 6.1% to US$5.17 billion, but gross profit fell 13.5% to US$838 million as operating expenses increased 10.9% to US$4.34 billion, partly because average fuel prices rose 8% to US$582 per tonne. The company also cited Middle East conflicts, oil-price volatility, inflation expectations, EU carbon costs, tariff uncertainty and supply-chain disruptions. Cargo volume nevertheless grew 5.2%, reaching a record first-half level, while route revenue rose 5.5%. Orient Overseas International warned that freight rates may retreat as new vessels are delivered and peak season ends. Separately, World Gym (2762) reported second-quarter net profit attributable to the parent company of NT$219 million, up 175% year-over-year, with revenue rising 8.84% to NT$2.95 billion and earnings per share reaching NT$2.01. First-half net profit rose 2.4 times to NT$438 million, and earnings per share of NT$4.01 had already exceeded the previous full-year figure of NT$3.75. The board approved a second-quarter cash dividend of NT$1.81 per share.