LEO Global Logistics PCL. (LEO), Thailand’s leading End-to-End logistics services provider, reported a historical record earning with a capital gain of THB 198.8M, a whopping 250% YOY increase. A 30-35% annual growth is set for 2022, plus a plan to develop an M&A deal in responding to the rapid growth of the logistics industry.
Mr. Kettiwit Sittisunthornwong, Chief Executive Officer, Leo Global Logistics, said: “The overall performance for 2021 recorded a net income of THB 198.8M, a 250% increase. It was also the most profitable year ever for the company. We achieved a total income of THB 3,369.7M, a 198% increase, and exceeded the THB 3,000M target earning. Such achievement reflects our potential to grow, which will be even greater in 2022. Factors behind the continuous growth in net profit were from monetary income and transport volume. The growth in Gross profit reflects our strategic management capability, resulting in the growth in sea freight volume amid the supply chain fluctuation in 2021. Such turbulence includes container scarcity, limited freight space for export, higher shipping cost, and high demand for export container shipping space.”
LEO has also unveiled a new project linking Thai export cargo to China via the China-Laos high-speed train in cooperation with ‘China Post’, a Chinese state enterprise and one of the five rail transport representatives for high-speed trains connecting China and Europe. As the sole representative in Thailand, LEO will source export cargo from Thailand to China. While the service is gaining interest from local exporters, LEO expects the income to be realized starting from the second and third quarters of 2022.
Moreover, LEO is developing an M&A plan with ‘World Air Logistics’ and actively seeking Asian logistics entrepreneurs to further expand their business and build a sustainable future in the long run.
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