CSBC ends five quarters of losses
By Kao Shih-ching / Staff reporter
CSBC Corp, Taiwan (台船) yesterday reported a pretax profit of NT$34 million (US$1.2 million) for last quarter, ending five consecutive quarters of losses.
The turnaround could be attributed to cost improvements and lower foreign exchange volatility, a CSBC official told the Taipei Times by telephone.
Although the shipbuilder’s revenue fell 17.65 percent annually to NT$4.52 billion in the first quarter, its costs dropped at an even faster rate, thanks to production improvements at its two plants in Keelung and Kaohsiung.
CSBC Corp, Taiwan chairman Cheng Wen-lung, sixth left, talks to company employees in Kaohsiung in an undated photograph.
Taiwan bolsters navy with unveiling of new amphibious warfare ship reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Taiwan Bolsters Navy With Unveiling of New Amphibious Warfare Ship Amid China Threats
Taiwan unveiled a new amphibious warfareship on Tuesday that can be used to land troops and will bolster supply lines to vulnerable islands offshore China and in the South China Sea.
The 10,600-tonne Yu Shan, named after Taiwan’s tallest mountain, is the latest part of President Tsai Ing-wen’s ambitious program to modernize the armed forces amid pressure from the Chinese Communist Party (CCP).
The CCP sees Taiwan as a part of its territory and has threatened war to bring the island into its fold. The self-ruled island is a de facto independent country with its own democratically elected government, military, constitution, and currency.
Taiwan unveiled a new amphibious warfare ship on Tuesday that can be used to land troops and will bolster supply lines to vulnerable islands offshore China and in the South China Sea.