CJ Century likely to see growth in earnings

PETALING JAYA: Logistics solutions provider CJ Century Logistics Holdings Bhd is expected to post growth in earnings in the fourth quarter of its financial year 2022 (4Q22) after a key customer resumed operations, according to TA Research.

CJ Century’s total logistics services (TLS) segment saw revenue dip by 5% quarter-on-quarter (q-o-q) due to normalisation in container freight rates, which marginally affected its freight revenue, and a temporary plant shutdown by one of the company’s key customers in the 3Q22.