Wan Hai back in the black

Wan Hai Lines has started the year with improved earnings due largely to a hefty income from long-term equity investments. The Taipei-listed liner posted first quarter net profit of NT$366.88m ($12.86m), surfacing from a net loss of NT$36.14m in the same quarter last year, it announced.


Revenue rose to NT$15.62bn in the quarter from NT$13.28bn in the corresponding quarter of 2010. Its income from long-term equity investments under the equity method rose to NT$616.8m compared to a loss of NT$1.4bn in 2010.
(Source:http://www.seatrade-asia.com)