Forwarders benefit from robust cargo demand
By Kao Shih-ching / Staff reporter
Freight forwarder Dimerco Express Corp (中菲行) yesterday reported a net profit of NT$300 million (US$10.7554 million) for the first quarter, up 207 percent from a year earlier, thanks in part to higher freight rates.
Earnings per share (EPS) rose to NT$2.38, from NT$0.77 a year earlier, the company said in a statement.
Dimerco, which focuses on strategic logistics planning and execution for the international transportation of goods, attributed the profit growth to higher revenue of NT$6.98 billion in the first three months of this year, up 68 percent from a year earlier.