In the first Yang Ming trimester it has considerably reduced the liabilities



Today the company of taiwanese navigation Yang Ming Marine Transport Corporation has diffused an official notice in order to make the point on the financial situation of the company and for tacitare the voices of an imminent aggravation of the social economic situation it is diffused in recent days during the period of suspension of the dealings of the Yang Ming title to the Stock exchange of Taiwan, short suspension - the company as already repeatedly announced in the past has restated today - that had been programmed in order to put into effect the plan of recapitalization of the society.

Yang Ming has remembered that to the assembly of the associates met last December in fact a recapitalization plan was set up in order to collect about 10 billion dollars of Taiwan (USA 330 million dollars) of new capital through a series of private offers to carry out within the end of this year. Moreover the company has remembered to have concluded last February the first tranche of the plan collecting USA 54 million dollars of coming investments from several subjects private publics and has specified that it previews to be profitable you notice the details of the second tranche in the course of the next month of june. Yang Ming has evidenced that 4th May, to the resumption of the exchanges of actions of the society, the share turned out to have a double value regarding that precedence the suspension.

While Yang Ming has archived item the first trimester of 2017 with revenues pairs to 30,25 billion dollars of Taiwan (almost a billion of USA dollars), with an increment of +11.6% regarding 27,12 of dollars of Taiwan in the first three months last year. The operating result has been of sign negative and pairs to -1,19 billion dollars of Taiwan, with a decided improvement respect to an operating result of sign negative for -3,57 billion dollars of Taiwan in the first trimester of 2016. In attenuation also the net loss that is come down from -3,66 billion in the first three months of 2016 to -857 million dollars of Taiwan (USA 29 million dollars) in the first trimester of this year.

"The results of the first trimester of 2017, that they show a net loss of 29 million dollars - has emphasized the company - compared to the previous represent an improvement of 52% fourth trimester of 2016. Moreover, year on year, the net loss of Yang Ming for the first trimester is diminished of 75% regarding the same period of 2016. At the same time the entrances of the first trimester of the society of 963 million dollars have shown an increment of 11.56% year on year".

Yang Ming has announced that also the transported containerized cargo volumes from own fleet in the first trimester of this year, that they have been pairs to 1.128.042 teu, have recorded an sensitive increment of +14% regarding the same period of 2016.

"With a fort support by the customers and the efforts of the dependent of the company all over the world - he has emphasized the taiwanese shipowning society - Yang Ming is resuming itself in constant and stable way regarding the rest one that the entire field has had in 2016. This improvement widely is achieved thanks to the efforts completed by Yang Ming in order to increase the operating efficiency and in order to put into effect measures of control of the costs. The recent figures indicate a course of supported resumption and increase clearly".

Yang Ming has concluded confirming own confidence in the complete performance of own plan of recapitalization and specifying that in the entire the 2017 a continuation of the trend of increase of the revenues attends.