Buoyed by rising freight rates, bulk shipper Wisdom Marine Lines Co (慧洋海運) on Friday reported a record net profit of NT$8.24 billion (US$294.07 million) for last year, up 7,300 percent from NT$111.41 million a year earlier.
Consolidated revenue rose 60.56 percent year-on-year to NT$19.17 billion, it said in a statement.
The figures were slightly better than the NT$8.19 billion in net profit and NT$19.16 billion in revenue estimated by Fubon Securities Investment Services Co (富邦投顧).
Earnings per share were NT$11.05, compared with NT$0.15 in 2020 and Fubon’s estimate of NT$10.98.
As operating costs rose only 4 percent to NT$10.72 billion, gross margin improved