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18 May 2022 The on-line newspaper devoted to the world of transports 06:00 GMT+2

May 13, 2022

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Original news
One more quarter with record financial performance for Yang Ming

Keelung's company will buy more containers

The exceptional positive trend in the financial results of the containerized shipping company Yang Ming in place, as for many other leading global shipping carriers in the sector, from the last quarter of 2020 it continued also in the first quarter of this year, a period that the Keelung company has archived again with performance record.

In the first three months of 2022, revenues rose to the peak historical quarterly of 106.7 billion Taiwanese dollars (3.6 billion US dollars), with an increase of +71.3% on corresponding period last year. Operating costs, with a total of 31.4 billion Taiwan dollars, recorded, so as in the previous quarter which had been preceded by nine consecutive quarters of decline in expenses, a slight increase in +2,7%. In the first quarter of this year, as it happens from the last quarter of 2020, also operating profit and profit net have marked again historical peaks being equal results respectively to 72.3 billion (+148.6%) and 60.7 billion dollars of Taiwan (+146.8%).

The board of directors of Yang Ming has meanwhile approved the purchase of containers through contractual agreements still to be defined.

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