Improved results: Tiong Nam
COMPETITION in the domestic logistics scene is heating up, against the backdrop of rising demand for parcel and larger goods deliveries in Malaysia. While greater competition is good for the end-consumers, many logistics players have been hit by margin erosion as a result.
This year’s third quarter earnings season ended up unfavourable for the logistics sector. In the period of July to Sept 2018, the bottom line of logistics providers Tasco Bhd
and GD Express Carrier Bhd declined by 70% and 18% year-on-year (y-o-y), respectively.
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