Independent journal on economy and transport policy
14:00 GMT+2
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Evergreen's net profit returned to negative territory in 2019 due to the growth in financial charges
Revenue and operating profit increased by 12.6% and 402.9%, respectively
March 26, 2020
Last year the company's revenues amounted to 190.6 Taiwan's billions of dollars (up 12.6%). Production costs Totaled 176.1 billion Taiwan dollars (up 8.8%) And operating profit increased by 402.9%, rising to Taiwan's nearly 4.7 billion dollars.
In the fourth quarter of 2019 alone, the economic results of the companies were down on the corresponding year's period. The value of production is Taiwan's 47.9 billion dollars (-2.6%), the costs increased by 3.6% to 44.4 Taiwan's billion-dollar profit and operating profit was Taiwan's 883.7 million, down -54.5% over the period October-December 2018. Evergreen closed the last quarter 2019 with a net loss of -326.8 million Taiwan vs. net profit of less than 1.1billion Taiwan dollars in the previous year.
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