WICE’s 2Q19 Profit Declines 68% due to a High Investment Cost and Administrative Expenses

WICE Logistics Public Company Limited (WICE) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

WICE reported a 2Q2019 net profit equal to THB 9.43 million, decreased by 68.17 percent, mainly due to Euroasia Total Logistics Company Ltd. is at the beginning of the operation. Therefore has a high investment cost and administrative expenses. In addition, in 2Q2019, WICE had expenses for one time of Expense to be compared when compared to the previous year.