Taiwanese owner Wisdom Marine has quadrupled earnings in 2018 as revenue rose.

The bulker and boxship player said net profit to 31 December was TWD 1.8bn ($58.39m), compared to TWD 418m in 2017.

Revenue increased to TWD 13.06bn against TWD 11.03bn, and operating costs rose more slowly at TWD 9.43bn versus TWD 9bn.

Last week, the company unveiled plans to raise almost TWD 2.19bn