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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. ....
Hello and welcome to Zing Talk, where Benzinga brings you the biggest names and brightest minds from Silicon Valley to New York City. Today we’re doing things text- style and bringing our readers an email interview with Brad Feld. Brad is what you might call a serial venture capitalist and. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: ....
Switchback II Corp: The second SPAC from the team behind Switchback Energy Acquisition Corporation (NYSE: SBE) plans to raise $250 million with units that will include one fifth of a warrant. The company will focus on energy technology with a target company that can help reduce emissions. The first SPAC from the team is bringing ChargePoint, a charging infrastructure company, public. Shares of the new SPAC will trade on the NYSE as SWBK. Star Peak Corp II: The second SPAC from the team behind Star Peak Energy Transition (NYSE: STPK) is seeking a target company in the sustainability and global emission reductions market. The team has experience leading companies like ....