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Yang Ming Announces Financial Results for Q2 2024

Strong Growth in Revenue and Earnings

Consolidated revenues reach NT$52.59 billion, a 50% increase year-over-year

Taipei, Taiwan – August 12, 2024 – Yang Ming Marine Transport Corporation (Yang Ming) today announced its consolidated financial results for the second quarter of 2024. The company reported total consolidated revenues of NT$52.59 billion, a significant 50% increase compared to the same period last year. This growth was primarily driven by strong demand for container shipping services and higher freight rates. Yang Ming's net income for the quarter reached NT$16.5 billion, a remarkable increase of 150% year-over-year. This strong performance reflects the company's efficient cost management and its focus on operational excellence.