YANG MING REPORTS OPERATING LOSS FOR 2001
The financial results of Yang Ming Marine Transport, the Taiwanese shipping line, moved into the red last year, as it reported an operating deficit of NT$449 million ($12 million).
The operating loss for 2001 compares with an operating profit of NT$610 million in 2000.
The carrier’s operating revenue decreased 10 percent in 2001, to NT$45.4 billion ($1.3 billion), from NT$50.6 billion in 2000.
The net annual result was a loss of NT$675 million ($19 million), as compared to a net profit of NT$1.2 billion in 2000.