Sat, Mar 16, 2013 - Page 14 News List

Dimerco Express posts lower profits, bullish on outlook

By Amy Su  /  Staff reporter

Dimerco Express Group (中菲行國際物流), which offers freight-forwarding and logistics services, yesterday said its earnings per share last year declined by more than a quarter from 2011 on the impact of higher operating costs due to the company’s expansion.

On a consolidated basis, net income was NT$139 million (US$4.67 million), or earnings per share of NT$1.08, for last year, down from a net profit of NT$213.79 million, or earnings per share of NT$1.47, in 2011, the company said in a filing to the Taiwan Stock Exchange.

“Despite a slowing economy last year, the company still implemeted a strategy to raise investment to build up regional bases and to recruit more employees,” Dimerco chief operations officer Edward Lin (林天送) said in a statement yesterday.

Lin expects a rebound in trade following an improvement in the global economy this year, which is likely to further increase the company’s sales and profits this year.

The logistics company is to launch eight self-operating bases this year — three in China, three in the US and one each in Canada and the Netherlands.

In related news, Wisdom Marine Lines Co Ltd (慧洋海運), one of the nation’s major bulk shippers, also yesterday reported lower net profit last year from 2011, mainly due to sluggish demand.

The company posted NT$2.1 billion, or earnings per share of NT$5.33, in consolidated net income last year, down from NT$2.03 billion, or earnings per share of NT$5.38, in 2011, according to a filing to the Taiwan Stock Exchange.

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