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Yang Ming back to the black in Q1

Yang Ming back to the black in Q1
Taiwan’s Yang Ming Marine Transport Corp has returned to profit in the first quarter, erasing its loss of TWD1.56m ($51,200) posted in the previous corresponding period.

The Taipei-listed carrier registered a profit of TWD303,743 in the quarter ended 31 March 2015, as against the deficit of TWD1.56m a year earlier.

Revenue during the quarter rose by 17.4% to TWD33.15m compared to TWD28.24m in the same period of last year.

Meanwhile, compatriot carrier Evergreen Marine also announced earlier that it went back to profit in the first quarter with a gain of TWD1.53m as against a loss of TWD1.69m.

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