For the cumulative nine months ended Sept 30, 2021 (9MFY21), the group achieved a net profit of RM35.4 million on a revenue of RM430.86 million. Swift Haulage said its revenue for 9MFY21 was mainly contributed by its container haulage segment (RM203.2 million) and its land transportation segment (RM128 million), which made up 77% of total revenue. Of the balance revenue, the warehousing and container depot segment contributed RM55.6 million, while the freight forwarding segment made RM43.6 million. "Our 9MFY21 PATAMI (profit after tax and minority interest) performance was approximately 85% of our full FY20 performance," it said. That, and with the nation having entered the fourth phase of the National Recovery Plan, put the group in a strong position to surpass its FY20 performance and deliver growth in a challenging environment, said Swift Haulage group chief executive officer Loo Yong Hui.

Source: The Edge Markets December 17, 2021 20:54 UTC