Date: 13/05/2022

Yang Ming posts strong quarterly results
Yang Ming Marine Transport Corporation (Yang Ming) posted its Q1 financial report of 2022 on May 12, which showed that the consolidated revenues of the first quarter totalled NTD 106.7 billion ($3.81 billion), an increase of 71.32% compared with NTD 62.28 billion ($2.22 billion) over the same period of the previous year. The company’s net profit, after tax, was NTD 60.58 billion ($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, emphasised a release.
Source: Exim News Service: Taiwan, May 12