PETALING JAYA: Freight Management Holdings Bhd’s (FMH) fourth quarter net profit ended June 30, rose year-on-year (y-o-y) by more than seven times to RM8.58mil from RM1.11mil.

       It’s financial year 2021 (FY21)’s financial performance hit a record in terms of its top and bottom lines.

       Revenues in the respective quarters had also seen a corresponding rise by 80% to RM228.27mil from RM127.05mil.

       The company’s earnings per share in the respective comparison periods rose by 672% to 1.54 sen.

       Freight Management Holdings

       “We are very pleased with our strong performance throughout FY21, whereby we achieved not only our highest-ever recorded revenue, but our pre-tax profit, net profit and volume handled also hit all-time highs,” FMH’s group managing director Chew Chong Keat (pic) said in a statement yesterday.

       “This was achieved despite the numerous challenges and disruptions caused by the Covid-19 pandemic both locally and internationally. FMH is well-placed to take advantage of the robust demand in logistics services as the world continued its recovery phase,” he added.

       “In view of the highly satisfactory performance, the board has declared a third interim dividend of one sen per share, which will be paid in October 2021,” he added.