Independent journal on economy and transport policy
07:07 GMT+1
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Sixth consecutive trimester in loss for the Yang Ming company
the taiwanese society anticipates a restructure plan financial institution
November 8, 2016
As the five consecutive trimesters precedence, the shipowning society Yang Ming has closed also the period July-september of this year with a net loss that is piled to -4,53 billion dollars of Taiwan (USA 144 million dollars) respect to a net loss of -4,20 billion dollars of Taiwan in the third trimester of 2015. In the third trimester of the 2016 revenues they are diminished of the -9,1% and they have been attested to 28,99 billion dollars of Taiwan. The operating result has been of sign negative and pairs to -4,69 billion dollars of Taiwan respect to a result of sign negative for -3,48 billion dollars of Taiwan in the third trimester last year.
Yang Ming last year has archived item the first nine months of the 2016 with a net loss of -12,98 billion dollars of Taiwan respect to a net loss of -3,97 billion dollars of Taiwan in the period January-september. The revenues are diminished of the -14,1% coming down to 83,89 billion dollars of Taiwan and the operating result has been of sign negative for -12,89 billion dollars of Taiwan respect to a data negative for -2,98 billion dollars of Taiwan in the first nine months of 2015.
Communicating the results achieved in the third trimester and the first nine months of this year the taiwanese company has announced the adoption of a plan for the restructure financial institution of the company that includes the start within the end of this year of a program of reduction of the capital of 16,00 billion dollars of Taiwan in reason of the which joined losses budget, value of the capital stock that therefore will come down to 14,04 billion dollars of Taiwan, with the unitary value per.share that it will go up from 5,76 to 12,00 dollars of Taiwan, let alone the performance at the beginning of 2017 of a program of emission of new actions for a total until a billion of new shares.
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As the five consecutive trimesters precedence, the shipowning society Yang Ming has closed also the period July-september of this year with a net loss that is piled to -4,53 billion dollars of Taiwan (USA 144 million dollars) respect to a net loss of -4,20 billion dollars of Taiwan in the third trimester of 2015. In the third trimester of the 2016 revenues they are diminished of the -9,1% and they have been attested to 28,99 billion dollars of Taiwan. The operating result has been of sign negative and pairs to -4,69 billion dollars of Taiwan respect to a result of sign negative for -3,48 billion dollars of Taiwan in the third trimester last year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
