Taiwan Nav falls

Taiwan Navigation has revealed a weaker second quarter profit despite a revenue rise.

The bulker and ferry company said net earnings to 30 June were TWD 79.42m ($2.65m) from TWD 151.75m in the same period of 2013.

Revenue grew to TWD 735m from TWD 691m.

But last year's figure was boosted by unspecified one-off gains of TWD 145m, as opposed to a loss of TWD 21m this year.