Yang Ming reports US$4 billion profit in 2022 H1

Yang Ming has announced that its net profit after tax and earnings per share (EPS) were US$4 billion (NT$116.11 billion) and US$1.1 (NT$33.25) respectively for the first half of the year.

In the 376th meeting of the board of directors, the Taiwanese container carrier reported that consolidated revenues for the same period stood at US$7.5 billion (NT$216.15 billion), up by 59.5% from the same period of last year.

In the first six months of 2022, the company handled 2.27 million TEU, which is increased by 2% compared to the 2021 first half.

In the meantime, Yang Ming’s consolidated revenue in the second quarter was US$3.8 billion, translating to an increase of 49.4% year-on-year.

The Asian box line confirmed net profit after TAX of US$1.9 billion and EPS of US$0.53 (NT$15.9) for the second quarter of 2022.