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06 June 2020 The on-line newspaper devoted to the world of transports 09:48 GMT+2



May 13, 2020

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Original news
Negative first quarter for Evergreen Marine

Revenues decreased by -4.9%

In the first quarter of this year, the trend continued lower financial results of the owner-general group Evergreen Marine started the previous quarter, starting with the revenue reduction amounted to USD 34.5 billion Taiwan (1.4 billion U.S. dollars) with a decrease in -4.9% on the first quarter of 2019. The contraction was driven by a -1.6% drop in turnover of 16.6% Taiwan's billion-dollar record in January 2020 compared to in the same month of 2019 followed by decreases of -7.7% February with 13.2 billion and -5.8% in February March with 13.7 billion, a trend that is continued in April 2020 as revenues were Taiwan's 14.2 billion dollars (-7.1% on April 2019).

In the first quarter of 2020, operating costs recorded a decrease of -4.1% to 40.5 billion U.S. dollars Taiwan. Operating profit was US 496.4 million (-61.9%). Evergreen ended the period with a loss net profit of -733.1 million compared to a net profit of 463.9 million in the first three months of last year.


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