Independent journal on economy and transport policy
11:51 GMT+1
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Bending of the quarterly economic results of the taiwanesi companies Evergreen and Wan Hai
Emphasized increase of the operating costs
August 14, 2018
In the second half of the year of this year the shipowning society Evergreen Marine Corporation is incurred in a net loss of -1,77 billion dollars of Taiwan (USA 57 million dollars) respect to a profit clearly of 2,90 billion dollars of Taiwan in the period April-june of 2017. The revenues have grown of +1.5% attesting itself to 38,29 billion dollars of Taiwan. The companion has recorded a more important increase of the operating costs that are piled to 38,18 billion dollars of Taiwan (+10.8%). The operating result has been of sign negative and pairs to -1,99 billion dollars of Taiwan respect to an operating profit of 2,21 billion dollars of Taiwan in according to trimester last year.
In the first semester of the 2018 Evergreen it has totaled revenues pairs to 75,13 billion dollars of Taiwan, with an increment of +5.0% regarding 71,54 billion dollars of Taiwan in the first six months last year. The operating costs have shown a rise of +11.9% being are pairs to 74,10 billion dollars of Taiwan. Operating result and economic result clearly have been both of sign negative and pairs respective to -2,01 billion and -1,76 billion dollars of Taiwan against an operating profit of 2,87 billion and a profit clearly of 3,07 billion dollars of Taiwan in the first half of 2017.
Economic performances down are recorded also by the other shipowning company taiwanese Wan Hai Lines (WHL) that in according to trimester of 2018 April-june has brought back a profit clearly of 259,8 million dollars of Taiwan on revenues pairs to 15,94 billion dollars of Taiwan respect to a profit clearly of 900,6 million dollars of Taiwan on revenues pairs to 15,28 billion dollars of Taiwan in the period last year. The operating costs are piled to 14,91 billion dollars of Taiwan (+12.0%) and the operating profit has marked a bending of the -90,2% coming down to 98,5 million dollars of Taiwan.
In the first six months of this year the revenues of Wan Hai Lines have grown of +5.8% to 30,86 billion dollars of Taiwan. The operating costs have turned out pairs to 28,75 billion dollars of Taiwan (+9.6%), the operating profit to 244,5 million dollars of Taiwan (- 76.0%) and the profit clearly to 392,2 million dollars of Taiwan (- 44.0%).
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In the second half of the year of this year the shipowning society Evergreen Marine Corporation is incurred in a net loss of -1,77 billion dollars of Taiwan (USA 57 million dollars) respect to a profit clearly of 2,90 billion dollars of Taiwan in the period April-june of 2017. The revenues have grown of +1.5% attesting itself to 38,29 billion dollars of Taiwan. The companion has recorded a more important increase of the operating costs that are piled to 38,18 billion dollars of Taiwan (+10.8%). The operating result has been of sign negative and pairs to -1,99 billion dollars of Taiwan respect to an operating profit of 2,21 billion dollars of Taiwan in according to trimester last year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
