Joseph Bonney, Senior Editor | Apr 30, 2012 11:54AM EDT
Evergreen Marine said its first quarter operating loss narrowed to 164.3 million New Taiwan dollars ($5.6 million) from $9.6 million a year earlier despite a 5.8 percent increase in revenue to $1.3 billion.
Investment losses during the quarter left the company with a net loss of $111 million, compared with a profit of $45 million a year earlier.
Like other carriers, Evergreen is expected to show increased revenue this year as rate increases kick in during the second quarter.
Contact Joseph Bonney at jbonney@joc.com. Follow him on Twitter @josephbonney.
