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2012 May 4   09:38

Taiwan Navigation improves Q1 profit

Bulk shipping firm Taiwan Navigation registered higher first quarter profit as revenue jumped by more than 40% year-on-year, Seatrade Asia online reports. The Taipei-listed firm recorded a net profit of NT$263.13m ($9m) in the quarter ended 31 March 2012, an increase of 4.6% from NT$251.64m in the same period of 2011.
Revenue for the quarter surged to NT$495.65m compared to NT$347.28m a year ago.

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