JWD Expects 15% Revenue Growth in 2022 as Performance Picks Up in 2H22

Mr. Charvanin Bunditkitsada, Chief Executive Officer Director of JWD InfoLogistics Public Company Limited (SET: JWD), said that the second half of the year will be more profitable than first half of this year, based on the performance in 3Q2022 from July to the present day, the company had quite a satisfactory performance. In particular, in August 2022, the recuperation of storage and warehousing services and automotive business was rather outstanding compared to 2Q2022, because the company received the logistics service for electric vehicles (EV) makers with positive results to revenue and gross profit margin for the segment.

The target of the company remained the same for the overall performance in 2022 with an estimated revenue of not less than 6,000 million baht, up 15% compared to 2021 that the company recorded a total revenue of 5,293.32 million baht. During the first six months of the year, the company had total revenue of 2,788,42 million baht.

Mr. Charvanin said the company is expanding business under the 5 year strategic plan (2021–2025). The aim of the company targets revenue of not less than 10,000 million baht and increases the net profit margin by 15%, now continuing the progress with a strategic plan.