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Evergreen suffers bottom line deficit

Taiwanese container shipowner Evergreen exited the second quarter this year with a bigger bottom line deficit than in the same period last year. Revenue took a hit as well.

Photo: APM Terminals

In the second quarter of this year, Evergreen followed in the footsteps of its peers and took a dive in revenue as well as earnings.

Revenue at Evergreen declined from TWD 34.8 billion, or USD 1.1 billion, in the second quarter 2015, to USD 948 million in the second quarter this year. Meanwhile, the carrier's bottom line declined to a loss of USD 17.8 million compared to a positive result of USD 4.9 in the second quarter 2015.

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