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Evergreen s net profit jumps on rising freight rates

Evergreen Marine Corp (長榮海運), the nation’s largest container shipping firm in terms of fleet size, on Tuesday reported a net profit of NT$17.16 billion (US$618 million) for last month, 14 times more than a year earlier due to rising freight rates. The firm’s earnings per share were NT$2.91 last month, equivalent to about 41 percent of the NT$7.04 earnings per share it made in the first quarter. Revenue increased 145 percent year-on-year to NT$34.4 billion, Evergreen said in a filing with the Taiwan Stock Exchange. Evergreen said that unprecedented increases in freight rates and improvements in operating expense controls enabled it to

Forwarders benefit from robust cargo demand

Forwarders benefit from robust cargo demand By Kao Shih-ching / Staff reporter Freight forwarder Dimerco Express Corp (中菲行) yesterday reported a net profit of NT$300 million (US$10.7554 million) for the first quarter, up 207 percent from a year earlier, thanks in part to higher freight rates. Earnings per share (EPS) rose to NT$2.38, from NT$0.77 a year earlier, the company said in a statement. Dimerco, which focuses on strategic logistics planning and execution for the international transportation of goods, attributed the profit growth to higher revenue of NT$6.98 billion in the first three months of this year, up 68 percent from a year earlier.

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