JWD’s 2Q21 Earnings Jump 140% to ฿115Mn as Revenue Grows

JWD InfoLogistics Public Company Limited (JWD) announced its 2Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

For 2Q21, JWD had net profit of Baht 115.5 million, net profit margin was 9.0% which increased by Baht 67.4 million, or 140.0% from the same period of previous year where net profit was Baht 48.1 million and net profit margin was 5.4%.

For the six-month period ended on June 30, 2021, the company had net profit of Baht 256.3 million, net profit margin was 10.6% which increased by Baht 114.7 million, or 81.0% from the same period of previous year where net profit was Baht 141.6 million and net profit margin was 7.6%.

The company has recorded the special item revenue from the sale of assets at JWD Navanakorn to AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust (AIMIRT), which has a net profit from sales of Baht 9.0 million.

Total revenues for the six-month period ended on June 30, 2021, was Baht 2,429.1 million, improved by Baht 575.7 million or 31.1% from the same period of previous year. The company generated revenue from rental and rendering of services of Baht 2,303.1 million, higher than the same period of previous year by Baht 486.5 million or 26.8%.

An increase in the company’s profit was mainly due to the performance of various business units improving considerably, especially automotive,automotive transportation and dangerous goods business units. In addition, other business units such as cold storage and general goods warehouses were consistently well-performing due to the increased demand from the pandemic situation.