Yang Ming Marine Transport shares gain 33.91% as net profit rises 739.48%
By Chen Cheng-hui / Staff reporter
Yang Ming Marine Transport Corp (陽明海運) shares rose 33.91 percent last week, ending at their highest level in nine years on Friday, buoyed by better-than-expected profit last month.
The container shipper reported that net profit last month increased 739.48 percent year-on-year to NT$2.71 billion (US$95 million), which was almost as much as the NT$2.74 billion profit it made in the third quarter, Yang Ming said in a regulatory filing on Thursday.
Earnings per share were NT$0.92 last month, compared with NT$1.05 last quarter, while revenue reached NT$15.27 billion, up 29 percent from a year earlier, the company said.