Yang Ming Marine Transport Corp has posted a net profit of TWD6.02 billion (US$196.4 million) in 2007, a 420 per cent increase from the TWD1.14 billion earned in 2006.
The company said sales climbed to TWD133.80 billion from TWD107.30 billion from one year to another.
Pretax profit rose to TWD7.37 billion from TWD1.68 billion a year earlier while earnings per share surged to TWD2.60d from TWD0.50.
The carrier said the surge in its earning per share was a result of the company's alliance strategies and diversified investments, as well as efforts in expanding capacity, improving service flexibility and controlling cost.
Yang Ming plans to deploy eight new ships this year, including three 8,200-TEU, four 4,250-TEU containerships and one 81,000 deadweight ton Panamax bulk carrier.
The Inter-continental Container Terminal of Port of Kaohsiung, which is jointly owned by Yang Ming and Kaohsiung Harbour Bureau, is to be completed by the end of 2010. The facility is able to handle mega containerships with capacity of 15,000 TEU and is said to become a transhipping hub in the Far East region.
The company said sales climbed to TWD133.80 billion from TWD107.30 billion from one year to another.
Pretax profit rose to TWD7.37 billion from TWD1.68 billion a year earlier while earnings per share surged to TWD2.60d from TWD0.50.
The carrier said the surge in its earning per share was a result of the company's alliance strategies and diversified investments, as well as efforts in expanding capacity, improving service flexibility and controlling cost.
Yang Ming plans to deploy eight new ships this year, including three 8,200-TEU, four 4,250-TEU containerships and one 81,000 deadweight ton Panamax bulk carrier.
The Inter-continental Container Terminal of Port of Kaohsiung, which is jointly owned by Yang Ming and Kaohsiung Harbour Bureau, is to be completed by the end of 2010. The facility is able to handle mega containerships with capacity of 15,000 TEU and is said to become a transhipping hub in the Far East region.