Independent journal on economy and transport policy
17:53 GMT+1
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In the second quarter, containerized cargoes carried by Yang Ming vessels were down -15% percent
Sensitive reduction in net loss
August 14, 2020
In the second quarter of this year, the volume of containerized loads carried by the ships of the company Yang Ming amounted to about 1.14 million teu, with a decrease of more than -15% percent on the corresponding period of 2019. In the April-June period of 2020, the company's revenues amounted to 31.75 billion in Taiwan (1.08 billion U.S. dollars), with a -21.4% percent decline on the corresponding period last year. Operating costs amounted to 29.66 billion Taiwan dollars (-24.4%). Operating profit was 623.5 million Taiwanese dollars compared to a negative sign operating result for -367.5 million in the second quarter of 2019. Yang Ming closed the second quarter of this year with a net loss of -22.8 million in Taiwan compared to a net loss of -1.17 billion in the April-June period of 2019.
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