Nationwide Express Courier Services Bhd is confident of achieving positive results for the financial year ending March 31, 2004, with its continuous efforts in maintaining a low-gearing level and expanding new businesses in forwarding and warehousing.
According to executive director/chief executive officer Rozilawati Basir, the forwarding and warehousing business supplements the companys main business of courier and logisistic services.
We have started both forwarding and warehousing businesses on a small scale and would like to move forward on a larger scale in our efforts to provide a comprehensive package and selection of delivery services to our customers, she said after the companys AGM on Wednesday.
We do not intend to compete with other companies that are involved in forwarding as this will involve large investments which will not be prudent,'' she added.
Rozilawati said the company would embark on warehousing through expansion on space available in its existing offices in Shah Alam and other states as well as renting space from a third party when required.
She said due to the companys prudent cost management exercise it had attained zero gearing since 1995.
We have managed to maintain a 5% growth in sales for the last five years, she said.
Nationwide handles 30,000 parcels a day.
The company has sales agents in Singapore and several Asean countries besides its main sales and operations centre in Malaysia.
For the financial year ended March 31, the company posted a pre-tax profit of RM9.22mil. Bernama
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