Yang Ming posts net profit of USD 10.78 million in 2017
Yang Ming Marine Transport Corporation (Yang Ming) held its 329th Board Meeting on 26th March to approve its 2017 annual financial report.
The consolidated revenues of 2017 totaled NTD 131.08 billion (USD 4.4 billion), up 13.59% compared with NTD 115.4 billion (USD 3.88 billion) in revenue from previous year. The company’s net profit, after tax, was NTD 0.32 billion (USD 10.78 million), EPS NTD 0.17. Volumes in 2017 also increased to 4,722 thousand TEUs, up 9 % year over year. Moving into the black, Yang Ming’s annual revenue and profit for 2017 saw significant improvement.
Coupled with a recovering shipping market, the effort and dedication from team members worldwide helped Yang Ming’s move in the right direction and take the first step to success. In addition to strengthening its operating strategies such as management centralization, Yang Ming has over the past year deployed strategies to optimize cargo structure, integrate information technology systems, and continuously train staff to improve knowledge and expertise. Yang Ming will continue to explore and develop new markets, optimize its fleet deployment, and take advantage of opportunities to minimize its operating costs and improve profitability, with the goal to provide customers with convenient and excellent delivery services.
According to the latest report by the Organization for Economic Co-operation and Development (OECD), an organization established to promote policies to improve the economic and social well-being of people worldwide, the global economy is expected to grow by 3.9 percent in both 2018 and 2019, stronger than 3.7 percent in 2017. Driven the optimistic forecast, Yang Ming will continually optimize its internal management and take advantage of THE Alliance’s wide-ranging network to provide customers with a more sophisticated global shipping service.