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Mr. Chudet Kongsoonthorn, Managing Director of Business Development, Wise Logistics Public Company Limited (WICE) revealed that the overall logistics business in the second half of the year is likely to continue to grow. This was followed by the volume of work in the transportation sector in the country and abroad that showed signs of improvement since the first half of the year. Especially in China, which has continuously increased the workload Also, the third quarter of 2020 is the period of entering the slotxo high season until the end of the year. Encourage international trade value to rise. As a result, the logistics business has an increasing demand for applications.
The company\'s direction in the second half of 2020 will be a time of harvesting both revenue and profitability. After the company invested in expanding business in the Chinese market. Through WICE\'s network of branches, WICE Logistics (Singapore) Pte. Ltd. (WICE SG), WICE Logistics (Hong Kong) Ltd. (WICE HK), EUROASIA TOTAL LOGISTICS CO., LTD. (ETL) and WICE Logistics (Shenzhen. ) Company Ltd. (WICE SZ) with plans to promote all types of services in the Chinese market, including Hong Kong, Shanghai, Guangzhou, Shenzhen, especially the cross border service (Cross border Service) and plans to expand the base New customers in a wide variety of industries to increase throughput.
The company believes that China\'s manufacturing and business sectors have resumed normal operations. After China relaxes city shutdown measures due to COVID-19 situation Which will cause demand for consumer products And the raw material has increased It is an opportunity to increase the job in the future.
From continuing to promote services of both domestic and international logistics alliance networks To increase business capacity and drive mutual growth in the future The company believes that total revenues for the year 2020 will grow as target of 20%, or at 2,700 million baht.Currently, the proportion of revenues comes from air freight (Air Freight) 46%, Sea Freight 20%. , Cross border freight (Cross border Service) 20%, and Logistics 14%
For the 2Q20 results, the company had total income of 1,038.08 million baht, an increase of 90.05% from the same period of the previous year with total revenue of 546.19 million baht and net profit of 55.27 million baht, an increase from the same period of the year. Before the net profit was 9.43 million baht or an increase of 486.24%, the first half of the year \'20 had total income of 1,690.03 million baht, an increase of 64.21% from the same period last year with total income of 1,029.17 million baht and net profit of 85.53 million baht. An increase of 305.84% from the same period last year with a net profit of 21.08 million baht
Operating results Both revenues and profits of the company increased. This was due to an increase in the volume of air freight and cross border services. This is in line with the growth of the electronics industry. After China loosened the lock down and had more return shipping Moreover, domestic transportation is growing as well.
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