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Yang Ming back to the black in Q1Yang 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
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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

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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