Dimerco Express Group (中菲行國際物流), which offers global freight-forwarding and logistics services, yesterday said that it aims to generate annual sales of US$600 million this year and of US$1 billion in five years’ time.
Last year, the company posted NT$14.17 billion (US$463.24 million) in consolidated revenue, a decrease of 6.1 percent from the 2012 figure.
“This year will be one of many opportunities,” the company’s chief executive Edward Lin (林天送) told reporters yesterday after he was promoted from his former role as chief operating officer.
Paul Chien (錢堯懷) — Dimerco Express’ founder, chairman and one-time chief executive — will remain as the company’s chairman.
Lin said that the recovering global economy is prompting the company to accelerate the pace of its search for more global logistics partners, in addition to merger and acquisition opportunities.
Dimerco Express is looking to invest in 10 companies over the next five years, in a move aimed at enhancing the firm’s consolidated sales so that they pass the US$1 billion-per-year target set for 2019.
Company spokesman Jack Ruan (阮耀樟) said enterprises based in the US, Europe, Southeast Asia and China would be Dimerco Express’ major investment targets.
He added that a deal involving a business in Southeast Asian could be finalized soon.
The Taiwanese logistics firm last year posted a net profit of NT$131 million, or earnings per share of NT$1.02, a decline of 8.4 percent from two years ago.
Even so, the company’s board has decided to distribute a cash dividend of NT$0.72 this year — up 5.08 percent from last year — Dimerco Express said in a statement.
THI Global Holdings Corp (台驊國際投資控股), the nation’s other major freight-forwarder and logistics services provider, posted net income of NT$108.69 million, or earnings per share of NT$1.4, last year, up from the NT$64.61 million, or earnings per share of NT$0.89, recorded in 2012.
THI Global plans to pay a cash dividend of NT$0.77 and a stock dividend of NT$0.33 this year.
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
‘IMMENSE SWAY’: The top 50 companies, based on market cap, shape everything from technology to consumer trends, advisory firm Visual Capitalist said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was ranked the 10th-most valuable company globally this year, market information advisory firm Visual Capitalist said. TSMC sat on a market cap of about US$915 billion as of Monday last week, making it the 10th-most valuable company in the world and No. 1 in Asia, the publisher said in its “50 Most Valuable Companies in the World” list. Visual Capitalist described TSMC as the world’s largest dedicated semiconductor foundry operator that rolls out chips for major tech names such as US consumer electronics brand Apple Inc, and artificial intelligence (AI) chip designers Nvidia Corp and Advanced
Saudi Arabian Oil Co (Aramco), the Saudi state-owned oil giant, yesterday posted first-quarter profits of US$26 billion, down 4.6 percent from the prior year as falling global oil prices undermine the kingdom’s multitrillion-dollar development plans. Aramco had revenues of US$108.1 billion over the quarter, the company reported in a filing on Riyadh’s Tadawul stock exchange. The company saw US$107.2 billion in revenues and profits of US$27.2 billion for the same period last year. Saudi Arabia has promised to invest US$600 billion in the US over the course of US President Donald Trump’s second term. Trump, who is set to touch
SKEPTICAL: An economist said it is possible US and Chinese officials would walk away from the meeting saying talks were productive, without reducing tariffs at all US President Donald Trump hailed a “total reset” in US-China trade relations, ahead of a second day of talks yesterday between top officials from Washington and Beijing aimed at de-escalating trade tensions sparked by his aggressive tariff rollout. In a Truth Social post early yesterday, Trump praised the “very good” discussions and deemed them “a total reset negotiated in a friendly, but constructive, manner.” The second day of closed-door meetings between US Secretary of the Treasury Scott Bessent, US Trade Representative Jamieson Greer and Chinese Vice Premier He Lifeng (何立峰) were due to restart yesterday morning, said a person familiar
RSS