Yang Ming has reported consolidated revenues of NT$30.25bn for the first quarter of 2017, up 11.6% year-on-year. Revenue growth came on the back of container volumes of 1,128,042 TEUs, an increase of 14%.
A net loss of NT$901m represented a reduction of 75.3% compared to the same period last year.
Yang Ming stated that losses were curbed thanks to ongoing cost control measures, such as “abolishing loss-incurring shipping routes, cutting down on operation cost, reviewing the marginal contribution management, rationalizing agency business and organization.”
Yang Ming also pointed out that industry data suggested that the “whole shipping market is gradually recovering and rebounding from the bottom.”
Source: Yang Ming