Yang Ming raises annual profit forecast
Taiwan’s Yang Ming Marine Transport said it has raised its forecast for this year’s pre-tax profit to NT$11.1 billion ($337 million), from a previous forecast of NT$8.49 billion ($258 million).
The revised profit forecast was made as Yang Ming recorded higher than expected results in the first nine months of the year.
In the nine-month period, the Taiwanese shipping company made pre-tax profits of NT$8.8 billion ($267 million) and net income of NT$7 billion ($212 million). Both figures exceeded the pre-tax income and net income of Yang Ming for the whole year 2003.