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Total logistics solution provider, Integrated Logistics Bhd is confident
that its results for 2005 will be boosted by its expanding presence in the
China market.
To beef up its operations in China, the ILB group is now another 82,000 sq
meters of warehousing space with the completion of its upcoming warehouse
facilities that forms Shenzhen Phase III and Shanghai Phase II that will be
compared by the second quarter of this year.
China operation has driven the group’s pre-tax profit significantly by 80
per cent to RM20.5 million for the financial year ended 31 December 2004 as
compared to RM 11.4 million in the previous financial year.
The sterling improvement in the group's result was underpinned by overall
improved margin of the group and increase in the contribution from the
warehouse and value added services segment arising from the expansion of
warehouse facilities in China which were completed in the fourth Quarter of
2003.
The contribution of China operation rose tremendously from 19 per cent in
2003 financial period to 30 per cent of group's revenue in 2004 financial
period.
The China operations, which contributed to 27 per cent of RM48.15 million to
the groups turnover totaling RM178.25 million involve the provision of
high-end supply chain solutions in Hong Kong and in the People’s Republic of
China.
Malaysia operations recorded improved margins, especially in warehousing and
value added services segment and its haulage operation.
In terms of activity, the warehousing and related value added service
contributed RM90.92 million of the group’s revenue. The remaining RM96.68
million attributed by the brokerage, transportation & distribution services.
The group will continue to focus on delivering high-end value supply chain
solutions to its customers, enhancing its competitiveness and expanding into
other markets in the Asia Pacific region through strategic alliances. |
