LEO Q2/65 profit is close to 100 million baht, continuous strength!!! Breaking the New High record for 6 consecutive quarters, while for the 6-month period, the profit jumped 189.8 million baht, confident for the whole year to grow by 30-35%. Board knocked out an interim dividend of 0.20 baht/share.
Big Boss “Kettiwit Sittisoonthornwong” is confident that the second half of the year continues to soar. get high season Opening a new business, JV, with a few other SET partners, ready to go to Self Storage and a new container yard
Leo Global Logistics (LEO) reported results for Q2/22 ending June 30, 2022 net profit 99.82 million baht, earnings per share 0.31 baht, an increase of 57.13 million baht or 133.83% compared to the same period of the year. Before, net profit of 42.69 million baht, earnings per share 0.13 baht.
6-month period, net profit 189.75 million baht, earnings per share 0.59 baht, an increase of 120 million baht or 172.28% compared to the same period last year, net 69.69 million baht, earnings per share 0.218 baht.
Mr. Kettiwit Sitthoonthornwong Chief Executive Officer of LEO revealed that the operating results of the Company and its subsidiaries in the second quarter of 2022 continued to grow strongly with total revenue of 1,335.1 million baht, an increase of 139% compared to the same period last year with total revenue of 559.6 million baht. Net 99.8 million baht, an increase of 57.1 million baht compared to the same period last year with a net profit of 42.7 million baht, setting a new record for 6 consecutive quarters.
For the first 6 months, the total revenue was 2,986.6 million baht, an increase of 189% compared to the same period last year, with a total income of 1,033.5 million baht, a net profit of 189.8 million baht, an increase of 172% compared to the same period last year, a net profit of 69.7 million baht, creating the highest record. new And the profit is almost the same as the net profit for the year 2021 that can be made 198.8 million baht.
“The 2Q22 and first half results showed significant growth. hit a record high This was supported by the new high container freight situation and the demand for air and sea freight continued to grow. The volume of international containers transported by the Company’s ships in the six-month period of 2022 grew to 31,500 TEUS and increased revenue by 189% compared to the previous year. and has a good performance trend that will continue to grow until the second half of this year
Board of Directors Meeting resolved to pay interim dividends For the first half of 2022 operating results (Jan.-June 2022), 0.20 baht per share, posted XD 26 Aug. 2022, pays a dividend 9 Sep 2022. In addition, the Board of Directors Still has a resolution to buy back shares from the market worth 65 million baht from 30 Aug 2022 to 28 Feb 2023 because it is estimated that The share price is lower than the actual fundamentals of the company.
Chief Executive Officer of LEO also said that the operating outlook for the second half of 2022, the company will maintain the expected earnings growth in the 3rd and 4th quarters, which is the Christmas export season and new year around the world
Additionally, Q3 and Q4 will benefit from the global eCommerce Platform’s Global Shopping Sales Festival, beginning with Amazon’s Prime Day festival in July. And followed by the 9/9, 10/10, 11/11 festivals of the eCommerce Platform in China, the company is confident that it will be able to generate revenue and operating results in 2022 to reach 30-35% growth as targeted. set at the beginning of the year for sure
Including the opening of the second Self-storage location at Yaowarat following the Covid unfolded. Make more use of the service And the second container yard will be ready to open in the second half of the year. And the company is preparing to expand its warehouse rental business (Warehouse) and Self-storage, which has recently partnered with SENA and this year is preparing to join hands with companies listed on the Stock Exchange of Thailand. and a few more regional players multinational companies to set up JV to develop Warehouse, Cold Chain Logistics and Self Storage businesses, and find opportunities to close more M&A deals within this year.
Leo is also in the process of expanding his business. Non-Logistics seriously, starting with the cannabis business. Recently signed an MOU with Sukruthai Community Enterprise, Safe Agriculture, Uthai Thani Province, to support a project for breeding and selling cannabis seedlings. Continue to produce inflorescences for use in the medical industry. including other businesses In order to help drive revenue and profits to grow strongly and sustainably in the next 1-2 years
