Evergreen Marine Corp., the Taiwanese shipping giant, has made waves in Malaysia after announcing a generous 20-month year-end bonus for its employees. The news, which was revealed on the last day of 2024, has sparked excitement within the logistics and shipping sectors, as reported by Taiwanese media outlet NowThis.
The company’s outstanding performance in 2024 has made this substantial reward possible.
In the third quarter alone, Evergreen reported consolidated revenue of NT$152.79 billion (roughly RM20.85 billion), reflecting a remarkable 109.84% growth compared to the previous year. Net profit after tax also saw a staggering increase, reaching NT$61.91 billion (around RM8.45 billion), a 182.60% jump, with earnings per share (EPS) hitting NT$28.75 (approximately RM3.92).
For the first three quarters of 2024, Evergreen’s cumulative revenue totaled NT$347.76 billion (approximately RM47.56 billion), with net profit reaching NT$108.75 billion (roughly RM14.84 billion). This represents an annual growth of 67.98% in revenue and an impressive 239.40% increase in profit.
Evergreen has long been known for its generous bonus scheme. In 2021, employees were awarded a massive 40 months' worth of bonuses, which increased to an extraordinary 45–50 months in 2022, thanks to record-breaking profits.
However, last year, as the shipping market slowed down, bonuses were reduced to a more modest 4–6 months.
With the addition of this year’s 20-month bonus, Evergreen’s employees have received nearly 120 months’ worth of bonuses over the past four years—a remarkable feat that showcases the company’s commitment to rewarding it's hard working staff.
Source: NowThis
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