Dimerco Express Corporation (5609) today announced the excellent business performance and continuous growth in revenue, reaching new highs during the period, can be attributed to the competitive advantage and operational strengths of Dimerco’s extensive physical network in over 150 key niche markets and its powerful digital platform. This combination enables the company to provide customers with seamless, integrated international logistics value chain services that are accessible and efficient.
The consolidated sales revenue of July 2024 is NTD 2,565 million, an increase of 50.6% compared to July 2023 while cargo volume grew by 30% and revenue increased by 50.6%, marking the highest monthly revenue for the year. This also set a new revenue record for the 21-month period since the end of the pandemic in November, 2022. The consolidated sales revenue of July 2024 YTD is NTD 14,556 million, an increase of 19.9% compared to the same period last year.
In July, in the international transportation market, the rising demand for eCommerce products, AI chips, servers, and consumer electronics continues to drive airfreight demand. The ongoing Red Sea crisis, geopolitical tensions, and the resultant ripple effects on the global supply chain have kept ocean freight rates strong. Due to these various factors, there has been a significant shift in the structure of airfreight goods. Global port congestion, the Red Sea incidents, and geopolitical crises have narrowed the freight cost gap between air and ocean shipping, thereby increasing demand for switching from ocean to air transport. Dimerco, with its strong competitiveness in both air and ocean freight, is poised to benefit from these market dynamics.
Due to Dimerco’s global network of forwarding and logistics locations and our cloud-based SCM international logistics service platform with clear market positioning by focusing on niche market & differentiation, strategical localization and effective digital marketing to attract customers, Dimerco has been able to deliver solid results. The implementation of the latest Information Security Management (ISM) and protection framework ensures that information security measures align with the development of digital transformation. With the development on Digital Transformation, Cloud Networking SCM Platform of Dimerco Value Plus System® and Cyber Security Certification, Dimerco enhances not only on supply chain value to customers and continuous business development with multiple high-quality multinational clients but also on additional benefits and productivity to worldwide network via application of Semi-Automation.
In July, cargo volume grew by 30% and revenue increased by 50.6%, marking the highest monthly revenue for the year. This also set a new revenue record for the 21-month period since the end of the pandemic in November, 2022. Looking ahead, attributed to the competitive advantage and operational strengths of Dimerco’s extensive physical network in over 150 key niche markets and its powerful digital platform, Dimerco is poised to continue growing its revenue, constantly reaching new heights in both revenue and profitability.
Spokesperson: Jack Ruan +886 921-062500 / +8862 2796-3660#222
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