Taiwanese boxship line Evergreen has seen annual profit shrink away as costs rose.

The company said net earnings for 2018 were just TWD 78.5m ($2.54m), down from TWD 6.66bn in 2017.

Revenue was up at TWD 169.23bn, against TWD 150.58bn the year before.

But operating expenses rose more quickly, reaching TWD 161.77bn from TWD 139.69bn.