• BIST 102.410
  • Altın 186,636
  • Dolar 4,4877
  • Euro 5,2816
  • İstanbul 22 °C
  • Ankara 22 °C

Yang Ming Marine Transport Corporation Reports Higher Revenue

Yang Ming Marine Transport Corporation Reports Higher Revenue
Yang Ming Marine Transport Corporation said that the consolidated revenues of Q1 totaled NTD 31.03 billion (USD 1.07 billion), up 2.58% compared with NTD 30.25 billion (USD 1.04 billion) in revenue from previous year.

The company’s net loss, after tax, was NTD 1.95 billion (USD 67 million), EPS NTD-0.75. Volumes in 2018 Q1 also increased to 1.22 million TEUs, up 9% year over year.
 
Under an improving container shipping market, Yang Ming has returned to profitability last year. In spite of the typical first quarter slack season, the financial report has shown continued year-on-year growth in volume and revenue which was better than expected, and also demonstrates the progress of Yang Ming’s strategy and global efficiency enhancement.
 
With the new containership capacity scheduled to be delivered in 2018, the record levels of capacity is expected to slightly exceed demand. While the International Monetary Fund (IMF) is suggesting that global economies as a group will continue to expand, Yang Ming remains conservative on the outlook of the 2018 container shipping industry.
 
The recent forecast from Alphaliner indicates that, despite the oversupply situation in 2018, it is expected that demand will catch up with supply in 2019, possibly bringing an end to overcapacity. Meanwhile, Yang Ming will continue to strengthen its business strategies and optimize fleet deployment to deliver better service networks and sustainable competitiveness advantage to customers worldwide.

This news is a total 205 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |