Both container shipping companies have reported year-over-year drops in turnover, signaling a challenging market environment.
For the April-June period of this year, Yang Ming posted revenues of 39.66 billion Taiwanese dollars (approximately 1.3 billion USD), reflecting a significant 26.5% decrease compared to the same period in 2024. WHL also saw a revenue decline, albeit less steep, with quarterly earnings of 34.85 billion Taiwanese dollars, down 8.7%.
The financial strain extended to profitability as well. Yang Ming reported an operating profit of 3.90 billion Taiwanese dollars (-72.4%) and a net profit of just 1.04 billion (-92.6%). WHL fared slightly better in operating profit at 8.66 billion (-20.3%), but its net profit plummeted to 1.08 billion, marking a sharp 90.6% drop.
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