News ID: 73940 |
Publish Date: 09:49 - 15 May 2017

Wan Hai Slumps to Q1 Loss of $6.6m

Taiwan’s Wan Hai Lines has slumped to a first quarter loss due mainly to a significant loss taken currency exchange differences and a steep fall in operating income, as revenue was largely stable.

Wan Hai Slumps to Q1 Loss of $6.6m
Taipei-listed Wan Hai, primarily an intra-Asia carrier, posted a first quarter loss of TWD200.31m ($6.64m) as against the profit of TWD15.22m in the previous corresponding period, MANA correspondent reported.
The unprofitable first quarter was chiefly due to a loss of TWD1.52bn on forex and a much lower operating income of TWD13.71m compared to the year-ago operating income of TWD204.66m.
The quarterly revenue inched down to TWD13.88bn compared to TWD14.05bn in the same period of 2016.
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