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Yang Ming 2007 profit up 429%

¡¡¡¡YANG Ming Marine Transport Corp has posted a net profit of TWD6.02 billion (US$196.4 million) in 2007, a 420% increase from the TWD1.14 billion earned in 2006.
¡¡¡¡The company said sales climbed to TWD133.80 billion from TWD107.30 billion from one year to another.
¡¡¡¡The carrier said the surge in its earning per share was a result of the company's alliance strategies and diversified investments, as well as efforts in expanding capacity, improving service flexibility and controlling cost.
¡¡¡¡Yang Ming plans to deploy eight new ships this year, including three 8,200-TEU, four 4,250-TEU containerships and one 81,000 deadweight ton Panamax bulk carrier.
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