WICE Posts an Increase of 104% Profit in 3Q to ฿56Mn as Service Income Soars

WICE Logistics Public Company Limited (WICE) has reported its 3Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

The net profit for 3Q20 was 56.16 million baht, compared to 3Q19, an increase of 103.92% due to the increase in service income as follows: Service income for the period was 905.64 million baht, increasing 53.31%, mainly from revenue from subsidiary, WICE Logistics (Singapore) Pte. Ltd., WICE Logistics (Hong Kong) Limited and Euroasia Total Logistics (Malaysia), which increased incomes from electronics customers and also increased revenue from the continual increase in freight prices, although in the third quarter the freight starts to decline, but still not going back to normal.