Independent journal on economy and transport policy
13:44 GMT+1
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Yang Ming's economic performance fell in the fourth quarter of 2019
Last year, the revenues of compatriot Wan Hai Lines grew by 9.2%
March 31, 2020
In the fourth quarter of 2019 alone, Yang Ming's revenues were fell -6.7% to Taiwan's 35.92 billion dollars compared to 38.48 billion in the October-December period of the year Previous. Operating costs totaled 34.78 billion (-4,6%). Operating income and net profit were both negative and equal to -138.3 million and -915.2 million Taiwan's dollar results compared to positive results for Taiwan's 557.0 million and 105.1 million dollars in the last quarter of 2018.
Last year, Yang Ming's container ship fleet transported a volume of containerized loads of more than 5.4 million teu (3.9%), while in the fourth quarter of 2019 alone, total transported was more than 1.3 million teu (3.3%).
In 2019, compatriot Wan Hai Lines reported revenues of Taiwan's 72.95 billion dollars, or 9.2%, Taiwan's 6.72-dollar profit, or 6.4%, an operating profit of 2.85 Taiwan dollars (up 188.3%) net profit of 3.59 US dollars Taiwan (215.5%).
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In the fourth quarter of 2019 alone, Yang Ming's revenues were fell -6.7% to Taiwan's 35.92 billion dollars compared to 38.48 billion in the October-December period of the year Previous. Operating costs totaled 34.78 billion (-4,6%). Operating income and net profit were both negative and equal to -138.3 million and -915.2 million Taiwan's dollar results compared to positive results for Taiwan's 557.0 million and 105.1 million dollars in the last quarter of 2018.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
