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Integrated Logistics Bhd is confident the market for the logistics services
sector remains strong in view of the increasing demand for the warehousing,
transport and distribution sector.
The company which offers total logistics solution realised close to 50 per
cent of the revenue from the warehouse rental and services during the first
of six months of the current financial period.
The company earned RM44.1 million from the warehousing solution and another
RM51 million from the forwarding, shipping, transport, haulage & airfreight
solution.
The recent financial result released to the Bursa Malaysia shows that the
group posted a 16.0 per cent increase in revenue totaling RM88.6 million for
the second quarter financial period ended 30 June 2004 compared with RM76.4
million in corresponding period of 2003.
The increase was mainly from the group's operations in China which saw an
impressive jump in revenue of 94 per cent.
The group cites the completion of Shenzhen Phase II and Shanghai Phase I
warehouse as the main factor for the jump in revenue.
The China market (Hong Kong and the People's Republic of China) contributed
some RM23.8 million during the financial period ended June 30 2004.
Earnings from the market are expected to grow further with the aggressive
expansion drive by the group.
Integrated operates has a total of 92,000 sq metres of warehousing
facilities in two cities, Shenzhen and Shanghai.
Despite, the strong growth of the China market, Malaysia still remains as
the biggest contributing market for the Integrated Logistics Bhd.
The Malaysian market contributed RM64.73 million or 73 per cent of the
revenue for the first half of the current financial period ended June 2004.
The profit before tax improved by 122 per cent to RM10.7 million as compared
to RM4.8 million in the preceding year to date as a result of higher revenue
and improved gross profit margin.
The group recorded a marginal decrease in revenue for the quarter under
review of RM44.0 million as compared to RM44.6 million in the preceding
quarter. However, profit before tax was higher at RM6.0 million as against
RM4.7 million in the preceding quarter due mainly to improved gross margin
and higher contribution from its associated companies. |
