Dry bulk shipowner First Steamship has its 2011 net profit slashed by almost half as revenue and investment income dipped, Seatrade Asia online reports. The Taipei-listed company posted full year net profit of NT$545.5m ($18.5m), a plunge of 48% from NT$1.05bn recorded in 2010.
Revenue in 2011 declined to NT$197m compared to NT$239.2m a year earlier, while income from long term equity investments fell to NT$636.5m compared to NT$987.1m in 2010.
Revenue in 2011 declined to NT$197m compared to NT$239.2m a year earlier, while income from long term equity investments fell to NT$636.5m compared to NT$987.1m in 2010.