JWD Reports 23% Increase in Revenue and Records THB125 Million for 1Q Earnings

JWD Infologistics Public Company Limited (SET: JWD) has announced its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 1Q22 1Q21
Net Profit (Loss)
Million Baht
125.69 140.77
Earning Per Share
0.1200 0.1400
% Change -10.72

JWD reported a net profit of Baht 125 million baht in 1Q22, decreased 10.72% from a net profit of Baht 140 million in 1Q21. However, if considering only the net profit from core businesses, excluding extra items in 1Q22, JWD had net profit (before extra items) of Baht 125.7 million and net profit margin was 8.9%, which increased by Baht 28.9 million or 29.9% from that of previous year where net profit was Baht96.8 million, net profit margin (before extra items) was 8.4% showed significantly improved performance than the same period last year.

The company had total revenues of Baht 1,410.4 million, improved by Baht 263.3 million or 23.0% from the same period of previous year. JWD generated revenue from rental and rendering of services of Baht 1,364.5 million, higher than the same period of previous year by Baht 314.7 million or 30.0%. The increased revenue was mainly due to the higher revenue from warehouse and yard management business, food business, and transportation and distribution business which has increased continuously throughout the past periods.