GDex FY19 pretax profit lower as competition heats up

GD Express Carrier Bhd (GDex) posted lower pre-tax profit of RM32.37mil in the financial year ended June 30, 2019 due to the entry of new players with competitive pricing.

KUALA LUMPUR: GD Express Carrier Bhd (GDex) posted lower pre-tax profit of RM32.37mil in the financial year ended June 30,2019 due to the entry of new players with competitive pricing.

The logistics company said on Monday the pretax profit fell by 27.2% from RM44.61mil a year ago.