Yang Ming reports US$4 billion profit in 2022 H1
Yang Ming 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 376th 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
Related News
02/10
2023
Container volume at China ports rose by 4.8% in the January-August period, compared to the same months last year. The container throughput of Chinese ports was 203.7 million TEUs, while for the same period, the cargo volume of major Chinese ports was 11.1 billion tons, translating to an 8.4% rise year-on-year.
29/03
2022
COSCO Shipping has unveiled plans for two 700 TEU electric container vessels, which are expected to operate on the Yangtze River mainline.
04/09
2021
The Swiss shipping company MSC will apply fresh surcharges to several European ports "due to the strong demand of containers and consequent difficulties to supply needed equipment", taking effect in September and October.