Taiwan Navigation has returned to profit for the second quarter as revenue strengthened.

The bulker owner said net earnings to 30 June were TWD 30.68m ($1.01m), up from a loss of TWD 6.88m in the same period of 2016.

Revenue jumped to TWD 650.9m against TWD 590.61m year-on-year, while operating costs rose more slowly to TWD 574.7m from TWD 569.9m.