Independent journal on economy and transport policy
14:51 GMT+1
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Yang Ming re-records record quarterly financial results
In the period April-June of this year, turnover increased by +130.8%. Investments in new containers
August 13, 2021
In the period April-June of 2021 Yang Ming recorded revenues of 73.3 billion Taiwan dollars (2.6 billion US dollars), with an increase of +130.8% on the corresponding last year's quarter and an increase of 11.0 billion on the previous historical peak in revenues in the first quarter of 2021. Operating profit and net profit also scored new record values that exceeded those established in the first this year's quarter: in the second quarter of 2021, in fact, the two balance sheet items were 42.3 respectively billions and 34.6 billion Taiwanese dollars, with a result operating which recorded an increase of +6,691.6% on the second last year's quarter and with a net result compared with a negative figure for -22.8 million Taiwan dollars in the second quarter of 2020.
Financial results also reached record values relating to the entire first half of 2021, which is state filed with revenues of $135.5 billion Taiwanese, with a growth of +104.2% on the first half last year, with an operating profit of 71.4 billion (+8,234.3%) and with a net profit of 59.2 billion compared to a net loss of -778.1 million Taiwanese dollars in the first six months of 2020.
Meanwhile Yang Ming has announced further investments in the acquisition of new containers. The company ordered at the Chinese factory Dong Fang International Container (Hong Kong) the supply of 7,870 containers, order of the value between 50 and 55 million US dollars, and ordered from the Chinese factory Guangdong Fuwa Equipment Manufacturing Co. supply of 5,400 container, order worth 35-40 million US dollars.
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In the period April-June of 2021 Yang Ming recorded revenues of 73.3 billion Taiwan dollars (2.6 billion US dollars), with an increase of +130.8% on the corresponding last year's quarter and an increase of 11.0 billion on the previous historical peak in revenues in the first quarter of 2021. Operating profit and net profit also scored new record values that exceeded those established in the first this year's quarter: in the second quarter of 2021, in fact, the two balance sheet items were 42.3 respectively billions and 34.6 billion Taiwanese dollars, with a result operating which recorded an increase of +6,691.6% on the second last year's quarter and with a net result compared with a negative figure for -22.8 million Taiwan dollars in the second quarter of 2020.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
