Evergreen in black with US$4 million profit after $103 million loss
TAIWAN's Evergreen Marine posted a net profit of TWD128.5 million (US$4.3 million) compared to a loss of TWD3.1 billion in 2011.
The world's fifth largest container carrier said in an income statement provided to the Taiwan Stock Exchange that it had operating income last year of TWD16.2 billion compared to TWD15.4 billion the year before.
Evergreen has confirmed it will not pay a dividend, reported the Taipei Times.
Industry observers have attributed container shipping's improving profitability last year to carriers' consensus in controlling supply and higher freight rates last year.