Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Wan Hai slumps to Q1 loss of $6.6m

Wan Hai slumps to Q1 loss of $6.6m
Taiwan’s Wan Hai Lines has slumped to a first quarter loss due mainly to a significant loss taken currency exchange differences and a steep fall in operating income, as revenue was largely stable.

Taipei-listed Wan Hai, primarily an intra-Asia carrier, posted a first quarter loss of TWD200.31m ($6.64m) as against the profit of TWD15.22m in the previous corresponding period.

The unprofitable first quarter was chiefly due to a loss of TWD1.52bn on forex and a much lower operating income of TWD13.71m compared to the year-ago operating income of TWD204.66m.

The quarterly revenue inched down to TWD13.88bn compared to TWD14.05bn in the same period of 2016.