Posted by tapdance > 2020-05-13 14:09 | Report Abuse

Back in office now, so can only rush this out during lunch break. Apologies for the grammatical errors.

Posted by tapdance > 2020-05-14 15:11 | Report Abuse

Too many big headlines in the news in the last few months. People simply overlooked the magnitude of the petrol price slashed. Check it up, and you'll be shocked.

Posted by tapdance > 2020-05-14 22:46 | Report Abuse

Earning improvement came in faster than I've expected. More to come.

Posted by tapdance > 2020-05-15 09:37 | Report Abuse

Diesel price has only started declining in early Feb '20, and Ancom Logistics is already seeing visible/material margin expansion.

So the improvement is primarily driven by the operating leverage i.e. revenue expanded by 14% which translates to a +35% EBIT expansion (Y/Y).

Diesel is down by more than 35%, if you have not check on the pump prices lately.

How does it look like when both (operating leverage & low fuel cost) factors surface at the same time? Use your imagination.

Posted by tapdance > 2020-05-15 09:40 | Report Abuse

https://www.comparehero.my/transportation/articles/latest-petrol-price-ron95-ron97-diesel