LEO Reports 253% Jumps in 3Q21 Earnings from Higher Revenue

Leo Global Logistics Public Company Limited (LEO) has announced its 3Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

LEO reported a net profit of 52.23 million baht in 3Q21, increased 253% from a net profit of 14.80 million baht in 3Q20. The record of net profit in this quarter was almost equal to the whole year of 2020, which was 56.9 million baht. The increase was mainly due to its strong performance in all aspects such as revenue amount, shipment volume in terms of TEUs for sea freight and tons for air freight and net profit.

In 3Q21, LEO’s total revenues were 1,804 million baht, increased 329% YoY. Meanwhile, net profit margin rose from 5.1% in 2020 to 5.8% at the end of the third quarter of 2021.