Yang Ming has closed the third trimester with a net loss of about USA 42 million dollars



In the third trimester of the 2019 revenues of the company of Yang Ming navigation of Taipei they are piled to 37,8 billion dollars of Taiwan (USA 1,2 billion dollars), with a bending of the -2,4% on the same period last year. The operating costs are diminished of the -6,2% to 35,6 billion dollars of Taiwan. The operating result has been of sign negative and pairs to -583,1 million dollars of Taiwan respect to a result negative for -660,4 million in the period July-september of 2018. Yang Ming has closed the third trimester of this year with a net loss of -1,3 billion dollars of Taiwan, with a worsening regarding the net loss of -804,0 million recorded in the correspondent mainly caused period of 2018 from the increase of the financial burdens that are more than doubled going up to 996,8 million. Yang Ming has explained that the results of the third trimester are influenced by the strategic decision assumed from the company not to relatively exercise options to some ships rented previously, renunciation that had as consequence the assumption by Yang Ming of obligation in he confronts of renting, through agreements whose potential effect is estimated in 1,39 billion dollars of Taiwan, that they have had an impact negative on the economic result clearly that otherwise it would have turned out of positive sign.

In the third trimester of this year the fleet of portacontainer of Yang Ming has transported cargo volumes pairs to 1,44 million teu (+2.0%).

In the first nine months of the 2019 revenues of Yang Ming they have been attested to 113,3 billion dollars of Taiwan, with an increase of +9.6% on the period January-september last year. The operating costs are increased of +2.8% to 108,3 billion. Operating result and economic result clearly have been both of sign negative and pairs respective to 876,4 million and -3,08 billion dollars of Taiwan against results they also of sign negative for -6,22 billion and -6,41 billion dollars of Taiwan in the first nine months last year. In the period January-september of the 2019 fleet of the company has transported 4,07 million teu (+3.8%).

The other company of taiwanese navigation Wan Hai Lines (WHL) has archived item the third trimester of this year with revenues pairs to 18,40 billion dollars of Taiwan, in increase of +6.2% on the same period of 2018, an operating profit of 657,1 million dollars of Taiwan (+185.8%) and a profit clearly 657,9 million dollars of Taiwan (+42.2%).

In the first nine months of the 2019 WHL it has totaled revenues pairs to 54,07 billion dollars of Taiwan (+12.2%), an operating profit of 2,02 billion dollars of Taiwan (+326.6%) and a profit clearly of 2,42 billion dollars of Taiwan (+183.3%).