Taiwan Navigation Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 13, 2020 at 03:48 pm EDT
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Taiwan Navigation Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was TWD 629.948 million compared to TWD 748.799 million a year ago. Operating income was TWD 98.626 million compared to TWD 168.110 million a year ago. Net income was TWD 163.637 million compared to TWD 167.090 million a year ago. Basic earnings per share was TWD 0.39 compared to TWD 0.4 a year ago.
Taiwan Navigation Co., Ltd. is a Taiwan-based company principally engaged in the cargo transportation business. The Company operates its businesses through deep sea shipping business, including bulk goods shipping, container shipping and the agent operation of oil tankers; coastal shipping business, including the operation of automobile transportation ships and coal carriers, as well as general port business, including the operation of port tugboats. The Company operates its business in Mainland China, Taiwan, Australia, the Americas, Europe and others.