Sponsored By

U-Ming sees Q1 profit chopped

Taiwan-based U-Ming Marine Transport Corp saw its first quarter net profit chopped as revenue tumbled and operating costs remained high.

Lee Hong Liang, Asia Correspondent

June 6, 2013

1 Min Read
Kalyakan - stock.adobe.com

The Taipei-listed company reported first quarter profit of NT$197.53m ($6.63m), a plunge of 66.3% from NT$585.57m in the same period of 2012.

Revenue for the dry bulk shipping firm also dropped to NT$1.58bn from NT$2.08bn a year ago.

Operating expenses were recorded at NT$1.57bn, down from NT$1.64bn a year earlier while operating profit slipped to NT$55.16bn compared to NT$367.84m last year.

Read more about:

dry bulk shipping

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.

 

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like