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Yang Ming’s net income down 5% in 2005

Yang Ming’s net income down 5% in 2005

   Taiwan-based Yang Ming Marine Transport posted net income of NT$9.3 billion ($293 million) in 2005, down 5 percent from NT$9.8 billion in 2004.

   Yang Ming’s operating income dropped 14 percent to NT$10.6 billion ($334 million) from NT$12.3 billion in 2004. Operating revenue rose 10 percent to NT$97.9 billion ($3.1 billion) compared to NT$88.6 billion in the previous year.