Century Logistics reports drop in profits and revenue

Century Logistics Holdings has reported that its revenues for the second quarter (which ended 30 June) were down 44.36% on last year at RM3.01m. The Malaysia-based logistics company also reported that revenue  was down 12.87% to RM71.94m.

In a filing to the Bursa Malaysia the company said that, looking tot the future, it “intends to tap on the extensive network and infrastructure of its major shareholder, CJ Logistics Group”.

Century Logistics added: “The group is currently setting up the necessary infrastructure to roll-out its parcel delivery operation and expects to commence the operation soon.”