Yang Ming Shipping (2609) stopped losses for two consecutive years and turned losses into profits in the third quarter of this year. The consolidated revenue was NT$35.781 billion, a quarterly increase of 7.68%, and a year-on-year increase of 23.40%, EPS 0.7 yuan. The good performance also led to a net operating profit of 501 million yuan in the first three quarters, and a net loss after tax of 82 million yuan. Compared with the first three quarters of last year, the loss has been greatly reduced by 99%, and the EPS is a small loss of 0.05 yuan. Yang Ming Shipping said that this time, benefiting from the performance of the traditional peak season cargo volume, the operating volume in the third quarter of 2017 reached 1.242 million TEUs, an increase of 11.1% compared with 1.118 million TEUs in the same period last year; With the help of the rebound, the average freight rate also has an upward trend compared with last year, which has a significant growth performance for the overall revenue in the third quarter.
Yang Ming Shipping said that the company’s operating performance has improved significantly this year, mainly due to the implementation of centralized management, optimization of container flow control, and operating cost savings to reduce expenses, and use marginal contribution as the management standard for cargo collection, and formulate various The business policy can better highlight the growth of the overall operating volume of the route and the benefits of driving revenue. In the third quarter, the consecutive losses in the past few quarters ended. Yang Ming's board of directors has also approved the Indonesia cooperation investment project with Taiwan Port Corporation, and will continue to develop shipping and logistics-related investment plans with related companies in other countries. It will also establish regional operation centers in the Mediterranean and Black Sea regions to develop The synergy between regional routes and existing long-term routes.
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: China Times Newsletter
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