Yang Ming's policy pays off
Reporting on Q2/2019, Yang Ming has reduced its financial losses significantly by 66.22% as compared to the same period of the previous year.
The Taiwan-based carrier announced a gross profit from operations of NTD 1.16 billion (USD 36.9 million) in Q2/2019, compared to a deficit of NTD 2 billion in the same period in 2018. The carrier’s net loss in the second quarter of this year amounted to NTD 1.2 billion, a 60% reduction compared to the NTD 3.73 billion net loss reported in the second quarter of 2018.
Total operating revenue amounted to about NTD 40.4 billion in the second quarter of 2019, a 20% increase from the NTD 33.6 billion recorded in the second quarter of 2018. Throughput was at 1.35 million teu in the second quarter of 2019. (cd)