Results at the smallest of the trio came in above expectations with attributable profit of TWD 660m ($21.8m) versus TWD 130m a year ago.

“High near sea shipping exposure continues to offer resilient returns,” saidJon Windham, Head of Infrastructure & Transport Sector Research at Barclays.

Margin trend continues to be strong, with first quarter net margin printed at 4.4%, the eighth consecutive quarters of positive net margin.

“Wan