T3EX net profit soars on higher air, sea cargo rates
By Kao Shih-ching / Staff reporter
Freight forwarder and logistics operator T3EX Global Holdings Corp (台驊國際投資控股) saw its net profit advance 17.39 times from a year earlier to NT$398.17 million (US$14.25 million) last quarter, as air and sea cargo rates remained high.
Earnings per share (EPS) jumped to NT$3.16 last quarter, not only hitting the highest in a single quarter, but also surpassing cumulative EPS in the first three quarters of last year, it said yesterday.
“We suffered in the first quarter last year due to the COVID-19 pandemic and even had to ask some of our employees to take unpaid leave. However, the tide has turned this year,” T3EX chairman David Yen (顏益財) told an earnings conference.
Three freight forwarders report growth
By Kao Shih-ching / Staff reporter
Taiwan’s three listed freight forwarders yesterday reported annual growth in first-quarter revenue as freight rates remain high amid rising demand.
T3EX Global Holdings Corp (台驊國際投資控股) reported the largest increase, 133.16 percent to NT$5.89 billion (US$207.13 million), ahead of Dimerco Express Corp’s (中菲行) 66.4 percent growth to NT$6.89 billion and Soonest Express Co’s (捷迅) 35.69 percent expansion to NT$1.06 billion, data from the companies showed.
T3EX’s revenue generated from sea freight business advanced 208 percent from a year earlier to a record NT$3.86 billion in the first quarter, the company said.
Ground crew workers unload a China Airlines Ltd cargo airplane at Taiwan Taoyuan International Airport in an undated photograph.
T3EX planning record cash dividend after profit surge
By Kao Shih-ching / Staff reporter
T3EX Global Holdings Corp’s (台驊) board of directors has approved a proposal to distribute a record cash dividend of NT$3.2 per share after the company’s net profit surged 117 percent to NT$541 million (US$19.1 million) last year.
The proposed cash divided suggests a payout ratio of 68 percent based on T3EX’s earnings per share of NT$4.72 and a yield of 6.68 percent based on its closing share price of NT$47.9 in Taipei trading yesterday.
“It is our goal to maintain a payout ratio of above 60 percent, as we want to attract investors with higher yields. Given that our earnings per share hit a new high last year, we decided to boost the cash dividends,” T3EX told the Taipei Times by telephone.
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