Shih Wei Navigation Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 12, 2022
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Shih Wei Navigation Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 1,549.95 million compared to TWD 748.78 million a year ago. Revenue was TWD 1,604.69 million compared to TWD 798.76 million a year ago. Net income was TWD 504.06 million compared to TWD 39.38 million a year ago. Basic earnings per share from continuing operations was TWD 1.53 compared to TWD 0.14 a year ago. Diluted earnings per share from continuing operations was TWD 1.52 compared to TWD 0.14 a year ago.
SHIH WEI NAVIGATION CO., LTD. is a Taiwan-based company principally engaged in the provision of shipping related services. The Companyâs primary businesses include cargo shipping, shipping transportation, shipping agency, ship management and chartering businesses, as well as the purchasing and sales of ships. The Company mainly operates through two business segments. The Shipping segment is mainly engaged in the shipping and shipping agency businesses. The Tourism segment is mainly engaged in the development of sightseeing leisure hotels. The Company primarily transports cargoes of metal ores, coal, grains, steel, machine components, timbers, boards and other bulk commodities.