Tue, Jun 11, 2013 - Page 13 News List

Dimerco gives flat revenue forecast on weak economy

By Amy Su  /  Staff reporter

Dimerco Express Group (中菲行國際物流), which provides logistics and freight-forwarding services, expects revenue to remain flat this year from the NT$15 billion (US$498.9 million) it posted last year as it tackles the sluggish sentiment in the global economy.

“We aim to maintain our growth momentum this year by expanding the number of service bases and increasing value-added services,” Dimerco chief operating officer Edward Lin (林天送) told reporters after the company’s annual general meeting yesterday.

The company is still looking to China as its main market for development this year and has plans to expand its services network in North America, Europe and emerging markets such as India.

Dimerco will also develop strategies to cope with the uncertainties in the world market, Lin said.

The slowing pace of the global economic recovery has dragged down Dimerco sales this year, with consolidated sales declining 3.6 percent to NT$1.26 billion last month from April, and accumulated sales in the first five months dropping 7.9 percent from a year earlier to NT$5.64 billion, company data showed.

Shareholders yesterday approved the company’s plan to distribute a cash dividend of NT$0.68 per share on last year’s net profit of NT$139 million, or NT$1.08 per share.

Separately, THI Global Holdings Corp (台驊國際投資控股), another Taiwanese freight-forwarder and logistics firm, also saw consolidated sales decline 3.66 percent year-on-year to NT$737.35 million last month, with accumulated revenue falling by 4.2 percent from the previous year to NT$3.26 billion in the first five months, data showed.

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