H1 2022

Yang Ming reports US$4 billion profit

Taiwan’s Yang Ming Marine Transport Corporation has announced that its net profit after tax and earnings per share (EPS) were US$4 billion (NT$116.11 billion) and US$1.1 (NT$33.25) respectively for the first half of the year.

In the meeting of the board of directors, the Taiwanese container carrier reported that consolidated revenues for the same period stood at US$7.5 billion (NT$216.15 billion), up by 59.5% from the same period of last year. In the first six months of 2022, the company handled 2.27 million TEU, which is increased by 2% compared to the 2021 first half.

In the meantime, Yang Ming's consolidated revenue in the second quarter was US$3.8 billion, translating to an increase of 49.4% year-on-year. The Asian box line confirmed net profit after TAX of US$1.9 billion and EPS of US$0.53 (NT$15.9) for the second quarter of 2022.

Source: container-news.com

Photo source: Dreamstime.com

Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber