Independent journal on economy and transport policy
18:29 GMT+1
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Evergreen, Yang Ming and Wan Hai ended 2021 with an extraordinary increase in financial results
Evergreen has ordered three 24,000 teu container ships from the Hudong-Zhonghua shipyard
March 15, 2022
Last year, Evergreen alone achieved revenues equal to historical peak of 489.4 billion Taiwan dollars (17.2 billion of US dollars), with a growth of +136.3% compared to 2020. Much more contained the increase in operating costs that are amounted to 187.4 billion Taiwanese dollars (+16.0%). Useful operating and net profit reached levels respectively record of 284.9 billion (+721.7%) and 263.1 billion dollars Taiwanese (+814.6%). Even in the fourth quarter of 2021 alone, the company recorded record revenues having stood at 156.0 billions, with a rise of +141.2% on the period October-December of the previous year. Quarterly operating profit and net income have marked significant increases of +418.6% and +433.1% being states amounting to 97.8 billion and 86.2 billion Taiwan dollars, figures that are slightly lower only than the record figures of the third quarter of 2021.
Meanwhile, Evergreen announced today that it has ordered the construction site Chinese Naval Hudong-Zhonghua Shipbuilding (Group) Co. la construction of three container ships of 24,000 teu, order that has a total value between 500 and 550 million dollars, for a investment for each ship equal to 160-190 million dollars.
Also the main items of the income statement for the year 2021 of Yang Ming show record figures starting from revenues that have been pairs to 333.7 billion Taiwanese dollars (+120.6%). Exceptional also increases in operating profit and profit values net that amounted respectively to 203.4 billion (+945.1%) and 165.6 billion (+1,258.9%). In the last quarter of last year alone year Yang Ming recorded new quarterly records, with revenues attested to 102.7 billion Taiwanese dollars (+123.1%), the profit operating at 69.4 billion (+380.2%) and net profit at 55.5 billion (+447,0%).
Wan Hai, the third Taiwanese containerized company for load capacity of the fleet, closed the year 2021 with record revenues of 228.0 billion (+178.5%) and record values are operating profit and net profit were also achieved results of €127.7 billion (+898.9%) and €103.4 billion respectively billion Taiwanese dollars (+810.6%). In the last quarter alone in 2021 revenues were equal to 70.6 billion (+152.8%), profit operating at the record value of 43.8 billion (+410.5%) and profit net to 34.1 billion Taiwan dollars (+339.1%).
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