Evergreen Marine Sees 109.8% Revenue Growth In Q3 2024

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In Q3 2024, Evergreen Marine reported total operating revenue of NT$152.79 billion (around US$4.77 billion), marking a 109.8% year-on-year and 43.8% month-on-month increase. Cumulatively, from January to September 2024, the company achieved NT$347.76 billion (US$10.85 billion) in revenue, reflecting a 68.0% year-on-year growth.

Financial Highlights

  • Operating Profit: NT$125.49 billion (US$3.92 billion), up 117.7% year-on-year.
  • Profit Margin: 36.1%.
  • Net Profit After Tax: NT$112.08 billion (US$3.50 billion).
  • Earnings per Share: NT$50.68.

Operational Scale and Fleet

  • Evergreen ranks 7th globally among liner companies, operating 223 ships (140 owned and 83 leased) with a total capacity of 1.734 million TEUs.
  • It also has 54 new shipbuilding orders, which will add 611,000 TEUs to its fleet.

These strong financial and operational figures reflect Evergreen Marine’s significant growth and strategic positioning in the global shipping industry.

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Source: Port News