Wisdom Marine posts NT$895m first-quarter profit
By Kao Shih-ching / Staff reporter
Wisdom Marine Lines Co Ltd (慧洋海運) reported pretax profit of NT$895.92 million (US$31.51 million) for the first quarter, compared with a net loss of NT$123 million a year earlier, thanks to rising charter rates, the company said on Tuesday.
Wisdom’s first-quarter pretax profit surpassed its net profit of NT$111.41 million for the whole of last year, while its pretax earnings per share were NT$1.2 in the first quarter, higher than earnings per share of NT$0.15 last year, it said in a statement.
Wisdom, the nation’s largest bulk shipper in terms of fleet size, reported NT$1.37 billion in revenue for last month, up 45.9 percent year-on-year and the highest in a single month, it said.