Wan Hai Lines
TAIPEI, May 22 (GCTL) - Wan Hai Lines Ltd was the only listed container shipping company in Taiwan to post a net profit in the first quarter of this year on the back of its focus on regional routes in Asia, which showed steady growth in trade volume.
Wan Hai, the nation’s third-largest container shipping company in terms of fleet size, outperformed the sector by posting a net profit of NT$124.89 million (US$4.15 million), or NT$0.05 per share, in the first three months of the year, the company said in a filing to the stock exchange.
The first-quarter results were an improvement from a net loss of NT$393.06 million, or NT$0.18 per share, in the same period last year, statistics showed.
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