The bulker owner posted net profit of TWD 1.7bn ($56.12m) last year, comparedto TWD 2.37bn in 2012.
Revenue dropped to TWD 4.76bn from TWD5.5bn.
Costs were only reduced to TWD 2.95bn, however,against TWD 2.99bn the year before.
Taiwan’s Sincere Navigation has seen earnings and revenue dwindle in 2013.
The bulker owner posted net profit of TWD 1.7bn ($56.12m) last year, comparedto TWD 2.37bn in 2012.
Revenue dropped to TWD 4.76bn from TWD5.5bn.
Costs were only reduced to TWD 2.95bn, however,against TWD 2.99bn the year before.