Dimerco Express Corporation (5609) today announced the consolidated financial report of the first quarter of 2023. Consolidated sales revenue of Q1 2023 is NTD 5,416 million, a decrease of 52.4% compared to the same period last year. Consolidated net income after tax is NTD 266 million, a decrease of 56.9% compared to the same period last year. Earnings per share is NTD 2.00, a decrease of 55.9% compared to the same period last year.
Due to the continuous slow of global trade in Q1 2023 along with impact of US-China Trade Tension and Russo-Ukrainian War with threat of inflation and pressure on inventories, freight market keeps in low freight rate with carrier capacity (supply) over shipper demand. However, Dimerco foresees market change with enhancement on digital marketing and clear market positioning from brick-and-mortar to online platform to acquire several international large customers. Besides, compared with the same period last year, although there’s a 20%-30% decrease in Q1 2023 on tonnage/volume, which is much lower than the 50% decrease on revenue, it shows the stable profit with gross profit margin at 17.0%, an increase of 3.2% compared to the same period last year at 13.8%.
With the development on Digital Platform and Cloud Networking SCM Platform of Dimerco Value Plus System®, flatter organization and ISO 27001 Cyber Security Certification by BSI, Dimerco internally upgrades digital capability to strengthen operation & management efficiency and cost-effective solutions for our customers with mobility via application of Robotic Process Automation (RPA) while externally upgrades online services and integrates off-line & online services via its MyDimerco platform to further enhance customer services.
With long-term development on Digital Marketing and Cloud Networking SCM Platform with ISO 27001 Cyber Security Certification, Dimerco provides a faster response to market changes with diversified solutions and mutual growth with our customers.
Spokesperson: Jack Ruan +886 921-062500 / +8862 2796-3660#222
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