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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.

Lee Hong Liang, Asia Correspondent

May 18, 2015

1 Min Read

Kalyakan - stock.adobe.com

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.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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