Independent journal on economy and transport policy
01:21 GMT+2
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Net improvement in the quarterly financial results of Taiwanese Evergreen and Yang Ming
Both shipping companies closed the July-September period with a profit
November 12, 2020
In the first nine months of 2020, as well as in the corresponding period of the previous year, Evergreen's revenues amounted to 142.4 billion Taiwan dollars. The value costs fell by -10.1% to 118.4 billion. Operating profit was 16.8 billion (+344.6%) And taiwan's net profit of $12.6 billion (+12,043.6%).
Similar financial performance of compatriot Yang Ming which ended the third quarter of this year with revenues slightly increase of +2.8% to 38.8 billion Taiwan dollars and with a net profit of more than 2.7 billion compared to a net loss of almost -1.3 billion in the third quarter of 2019. In the first nine months of 2020 the revenues of the shipping company yang ming amounted to 105.2 billion (-7.1%) and net profit was over $1.8 billion taiwan compared to a net loss of less than -3.1 billion in january-september last year.
In the third quarter of this year, Yang's container containers Ming transported containerised cargoes equal to a total of 1.28 million teu (-11.0%). In the first nine months of 2020, the volumes transported amounted to 3.66 million teu (-10.1%).
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In the first nine months of 2020, as well as in the corresponding period of the previous year, Evergreen's revenues amounted to 142.4 billion Taiwan dollars. The value costs fell by -10.1% to 118.4 billion. Operating profit was 16.8 billion (+344.6%) And taiwan's net profit of $12.6 billion (+12,043.6%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
