Wan Hai posts big jump in Q1 profit

Taipei-listed Wan Hai Lines has posted a jump in net profit in the first quarter compared to year-ago figures.

Wan Hai, largely an intra-Asia service provider, recorded a profit of TWD2.07m ($68,000) in the first quarter ended 31 March 2015, a surge from the gain of TWD655,305 seen in the same period of last year.

Revenue also rose by 16.3% year-on-year to TWD17.16m, the company announced to the Taiwan Stock Exchange.

Meanwhile, the bigger Taiwanese container carriers like Evergreen Marine and Yang Ming have also registered first quarter profit of TWD1.53m and TWD303,743, respectively.

Posted 18 May 2015

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Lee Hong Liang

Asia Correspondent

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