Home » Dimerco Financial Report H1, 2023

Dimerco Financial Report H1, 2023

by | Aug 10, 2023 | Press Release

Dimerco Express Corporation (5609) today announced the consolidated financial report of the first half of 2023. Consolidated sales revenue of H1 2023 is NTD 10,650 million, a decrease of 53.6% compared to the same period last year. Consolidated net income after tax is NTD 564 million, a decrease of 65.2% compared to the same period last year. Earnings per share is NTD 4.03, a decrease of 64.5% compared to the same period last year.

For the first half of 2023, the international transportation and logistics market was facing severe challenges. The global economy has been affected by factors including the Russian invasion of Ukraine, inflation, economic slump with inventory pressure from customer in US and Europe, so the operational challenges faced by international logistics service providers becomes extremely severe. Despite this, due to Dimerco’s global network of forwarding and logistics locations and our cloud-based SCM international logistics service platform with clear market positioning and effective digital marketing to attract customers, Dimerco has been able to deliver solid results. Compared with the same period last year, there’s a 20%-30% decrease on tonnage/volume, which is much lower than the 50% decrease on revenue, showing the stable profit. The gross margin of H1 is 17.4%, an increase of 3.5% compared to the 13.9%, the same period last year.

On the other hand, Dimerco cares about worldwide customers with sound financial capability and account receivable management. As of June, 2023, the current ratio is 1.95, which is above average in our industry, with NTD 6.36 billion of cash while NTD 5.53 of shareholder’s equity, which shows outstanding solvency, along with Fixed Assets to Equity Ratio: only 10% and Debt to Equity Ratio: only 46%.

Dimerco Express Group’s cloud-based international logistics service platform and digital tools play a key role in enhancing the company’s competitive edge.

  • Through big data analysis, we gain a deeper understanding of customer needs.
  • Through our Cloud Networking SCM Platform – the Dimerco Value Plus System® (with Information Security Certification including ISO 27001:2013 BSI Certification N0. IS 743553) – we can adapt quickly to market change and provide diverse and localized service to satisfy customers’ supply chain management needs.
  • We continue to digitalize processes, including our use of Robotic Process Automation (RPA) to enhance efficiency, reduce operating costs and increase profits.
  • Our MyDimerco portal provides customers a one-stop resource for freight tracking and performance – anywhere, anytime, from any device. Customers appreciate this mobile intelligence capability, which greatly enhances our customer service.

Looking to the future, Dimerco is well prepared to face the coming challenges in the global transportation and logistics market. Through promotion with digital marketing and clear market positioning from brick-and-mortar to online platform, Dimerco enhances not only on supply chain value to customers and business development but also on additional benefits and productivity to worldwide network via application of Semi-Automation during its Digital Transformation. And our strong teams will adapt to the market volatility to provide diverse and localized solutions to meet our customers’ needs and achieve our business goals.


Spokesperson: Jack Ruan +886 921-062500 / +8862 ‪2796-3660#222
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