Yang Ming reports a 19.65% increase in revenue for Q2 2017

Yang Ming’s Q2 2017 consolidated revenues total TWD 33.2bn (US$1.1bn), up 19.65% from the same period over the previous year. The business volume of 1.15m TEUs rose 6.81% year-over-year.

The net loss for Q2 decreased by 90% to TWD 445m year-over-year (US$14.7m). Compared to its net loss in Q1 2017 (TWD 901m (US$29m)), Yang Ming’s net loss for this quarter shrunk by 50.6%.

Yang Ming’s first half 2017 financial results show consistent improvement. For the first six months, Yang Ming’s consolidated revenues totalled TWD 63.48bn (US$2.06bn), with revenue up 15.65% from the same period over the previous year. The first half 2017 business volume totalled 2.28m TEUs, climbing 10% from the same period over the previous year. The net loss decreased to TWD 1.34bn (US$43.7m), a reduction of 84% compared to the same period last year.

Since Q4 2016, Yang Ming has taken the initiative to control costs and to develop a new strategy to optimise its financial position. Coupled with a stabilised 2017 market, Yang Ming’s internal efforts have helped to grow its volumes and revenues in 2017.

Source: Yang Ming


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