KUALA LUMPUR (Sept 15): Total logistics solutions provider Century Holdings Logistics Bhd expects to stem the slide in revenue this year, predicting a growth of 10% for the next three years, said its managing director Steven Teow.
For the financial year ended Dec 31, 2013 (FY13), revenue fell by a marginal 0.4% to RM255.81 million from RM256.85 million the previous year. This was despite net profit rising 28% to RM22.55 million from RM17.61 million.
In a statement today, Teow said prospect for the group to realise the targeted growth looks bright despite the challenging market environment.
“We have embarked on quality services and best practices. We have (also) the financial capacity and will continue to further invest in state-of-the-art information technology infrastructure in order to be at the forefront of the logistics industry,” he added.
Going forward, Teow said the group plans to offer sustainable solutions that can help mitigate rising costs and improve operational efficiency and productivity.
“We are confident that our innovative logistics solutions will be mutually beneficial to us as well as our clients, where the value proposition is to improve operational efficiencies for them that positively enhance the satisfaction of their end customers.
“We expect our successful business model will enable us to continue winning new contracts from various multi-national corporations,” he said.
Teow pointed to its wholly-owned logistics arm Century Total Logistics Sdn Bhd (CTLSB), which is eyeing possible acquisitions to expand its business locally and abroad to ensure sustainable and continued growth.
He said the company has identified key areas within the domestic and regional markets for its next phase of growth, but did not elaborate.
CTLSB is participating in the upcoming Asean Logistics & Transport Show 2014 scheduled from Sept 25 to 27 at the Malaysia International Exhibition & Convention Centre here.