14-08-2017

Yang Ming narrows Q2 loss 90pc, volume ups 10pc and sales leap 19.6pc

YM

TAIWAN's Yang Ming Transport narrowed its second quarter net loss 90 per cent year on year to TWD445 million (US$14.7 million), a result drawn on revenues of TWD33.2 billion, an increase of 19.6 per cent.

"First half results show consistent improvement. Coupled with a stabilised 2017 market, Yang Ming's internal efforts have helped to grow its volumes and revenues substantially," said the company.

For the first half of 2017, Yang Ming's consolidated revenues totalled TWD63.48 billion, while volumes totalled 2.28 million TEU, a 10 per cent year on year increase.

Yang Ming said it "has taken the initiative to control costs and to develop a new strategy to optimise its financial position" since last fall. 

The carrier is also a member of the recently formed THE Alliance, along with Hapag-Lloyd, MOL, NYK and "K" Line.

Source: Schednet 

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