News / Yang Ming to focus on expanding profit margins, not market share

Cheng Cheng-Mount Credit Cecilia Chang

Yang Ming chairman Cheng Cheng-mount said yesterday the company would focus on widening profit margins and not its market share, as expectations rise that rates will settle at lower levels.

Mr Cheng had earlier announced that Yang Ming had achieved a net profit of $2.12bn in Q1 22, with a margin of 57%, the second-highest among Taiwan’s three major liner operators.

Yang Ming’s net profit margin was two percentage points lower than Evergreen, which had a net profit of $3.54bn.

Mr Cheng said the ...