Evergreen books deficit despite higher revenue

The world's seventh-largest container liner, Evergreen Marine, booked a bottom line deficit in the second quarter. The loss came despite the fact that the company increased its revenue.

Photo: /ritzau/Gene Blevins

Liner shipping company Evergreen Marine, the world's seventh-largest player in the market for seaborne container freight, booked a bottom line deficit in the second quarter, according to financial figures submitted by the company to the Taiwan Stock Exchange.

Evergreen's revenue increased to TWD 38.29 billion (USD 1.24 billion) in the second quarter from TWD 37.7 billion in the same period 2017.

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