Yang Ming 2010 net profit up to TWD11.79bn

Box liner Yang Ming has racked up a huge profit for 2010 following a net loss of TWD15.84bn ($537.31m) in 2009. Net profit last year for the Taiwan-based liner rebounded to TWD11.79bn while revenue grew to TWD111.92bn compared to TWD74.5bn in 2009. It made operating profit of TWD12.83bn last year, as against a loss of TWD17.41bn the year before.