Dimerco Express Corporation (5609) held annual shareholder’s meeting today and announced the record high financial results, including consolidated sales revenue in 2022 NTD 41,174 billion, an increase of 5.6%, the net profit after tax reached NTD 2.54 billion, an increase of 9.9% and the earnings per share (EPS) after tax is NTD 18.71, an increase of 10.2% compared with the previous year.
Dimerco also announced the consolidated sales revenue for the month of May 2023 with NTD 1,768 million, a decrease of 54.3% compared to May 2022 but an increase of 4.9% compared to previous month. However, compared with the same period last year, there’s a 10%-20% decrease in May, 2023 on tonnage/volume, which is much lower than the 50% decrease on revenue, showing the stable profit. The consolidated sales revenue of May 2023 YTD is NTD 8,774 million, a decrease of 54.6% compared to the same period last year.
In 2022, the international transportation and logistics market was facing severe challenges. The global economy has been affected by factors such as inflation, US Federal Reserve balance sheet reduction and interest rate hike, China’s lockdown by zero-Covid policy, and the Russian invasion of Ukraine. Moreover, there were negative factors, such as pandemic-related global supply chain disruptions. The operational challenges faced by international logistics service providers were extremely severe. Despite this, Dimerco Express Group has achieved excellent revenue and profit performance and repeatedly set new records. This is mainly 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.
Dimerco’s 150+ operating units have been established in important niche markets globally, providing customers with a one-stop solution for consistent international transportation and logistics services. Based on excellent operational performance across the network, our services have gained popularity and good reviews.
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. The international economic outlook is still weak, inventory needs to be reduced and/or adjusted, and the US-China rivalry and the Russia-Ukraine conflict continue. The US interest rate hikes have caused a crisis of confidence and credit in the banking system. Although inflation is slowing down, it still poses potential threat. Demand for international transportation remains weak, and a third-quarter improvement is uncertain. However, we will leverage our established resources, digital capabilities, and strong management team to adapt to the market volatility and utilize our Dimerco Value Plus System® to provide diverse and localized solutions to meet our customers’ needs and achieve our business goals. Those goals, as always, are to satisfy our customers, to achieve our business management objectives in compliance with our ESG standard, to support and to reward our productive and valued employees who contribute to the growth of the company, and to deliver a fair return to all our shareholders.
Spokesperson: Jack Ruan +886 921-062500 / +8862 2796-3660#222
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