Sincere Navigation of Taiwan has posted a weaker profit for 2016 as revenue fell.
The company said net earnings were TWD 908.75m ($29.93m), against TWD 1.36bn in 2015.
Revenue was down at TWD 3.58bn from TWD 4.39bn.
Operating costs fell more slowly to TWD 2.62bn against TWD 2.84bn the year before.
