Yang Ming posts strong quarterly results
May 12, 2022Yang Ming Marine Transport Corporation (Yang Ming) posted its Q1 financial report of 2022 on 12th May. The consolidated revenues of Q1 totaled NTD 106.7 billion (USD 3.81 billion), increased 71.32% compared with NTD 62.28 billion (USD 2.22 billion) in revenue from the same period of previous year. The company’s net profit, after tax, was NTD 60.58 billion (USD 2.16 billion), with an EPS of NTD 17.35.
The record results were driven by higher level of freight rates resulting from solid demand, persistent COVID-related port congestion and pre-Chinese New Year cargo rush. Despite the challenging environment, Yang Ming continues to deliver strong quarterly growth and profitability.
Similar Stories
CMA CGM PSS - From Northeast Asia to West Africa
In a continued effort to provide customers with reliable and efficient services, CMA CGM informs its customers of the following Peak Season Surcharge (PSS).
View ArticleCMA CGM PSS - From Far East to the Mediterranean & North Africa 2026
In a continued effort to provide customers with reliable and efficient services, CMA CGM informs its customers of the following Peak Season Surcharge (PSS).
View ArticleCMA CGM: PSS - From China & Southeast Asia to West Africa
In a continued effort to provide customers with reliable and efficient services, CMA CGM informs its customers of the following Peak Season Surcharge (PSS).
View Article
US-Iran deal to reopen Strait of Hormuz— but full container shipping recovery at least three months away
View Article
Maritime security becomes a strategic factor
View Article
PANYNJ April volume resumes steady pace after leading the nation in March
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
