KUALA LUMPUR (Feb 15): GD EXPRESS CARRIER BHD [] net profit for the second quarter ended Dec 31, 2011 rose 30% to RM2.11 million from RM1.62 million a year earlier, due mainly to growth in customer base and increase in business from existing customers.
It said on Wednesday that revenue for the quarter rose 28% to RM29.87 million from RM23.33 million in 2010.
Earnings per share increased to 0.82 sen from 0.63 sen a year earlier, while net assets per share was 20 sen.
For the six months ended Dec 31, GD Express registered a 29% increase in net profit to RM3.68 million from RM2.86 million in 2010 on the back of a 25.73% rise in revenue to RM56.15 million from RM44.66 million.
Reviewing its performance, GD Express said the completion of its transshipment hub upgrading at the end of the preceding quarter was timely to support the increased business volume as the handling capacity was increased almost three fold.
The high capacity helped to overcome bottleneck in the operational process and thereby leading to improvement in service quality, it said.
The company said the improvement in its results was also due to higher business volume, in line with the seasonal factor in which the quarter was experiencing the year-end effect, which usually saw higher movement of goods and services, as well as better cost control.
On its outlook, GD Express said it expects the domestic economy to remain healthy, with the implementation of various government initiatives.
“However, the Malaysia economy and the express carrier industry may face serious slow-down if the world economy situation deteriorate further.
“The group will continue to focus on its core business in improving service quality and gain greater trust from the customers,” it said.
It said on Wednesday that revenue for the quarter rose 28% to RM29.87 million from RM23.33 million in 2010.
Earnings per share increased to 0.82 sen from 0.63 sen a year earlier, while net assets per share was 20 sen.
For the six months ended Dec 31, GD Express registered a 29% increase in net profit to RM3.68 million from RM2.86 million in 2010 on the back of a 25.73% rise in revenue to RM56.15 million from RM44.66 million.
Reviewing its performance, GD Express said the completion of its transshipment hub upgrading at the end of the preceding quarter was timely to support the increased business volume as the handling capacity was increased almost three fold.
The high capacity helped to overcome bottleneck in the operational process and thereby leading to improvement in service quality, it said.
The company said the improvement in its results was also due to higher business volume, in line with the seasonal factor in which the quarter was experiencing the year-end effect, which usually saw higher movement of goods and services, as well as better cost control.
On its outlook, GD Express said it expects the domestic economy to remain healthy, with the implementation of various government initiatives.
“However, the Malaysia economy and the express carrier industry may face serious slow-down if the world economy situation deteriorate further.
“The group will continue to focus on its core business in improving service quality and gain greater trust from the customers,” it said.
