Freight rates and volumes likely to bolster CJ Century margins

CJ Century logisticss

PETALING JAYA: CJ Century Logistics Holdings Bhd’s earnings for the second quarter 2022 (2Q22) are expected to accelerate off its low base, while the group continues to leverage on the sky-high freight rates and recovering freight volumes.

TA Research, in its preview on the logistic group’s upcoming results, said it expects CJ Century’s core profit to be within the range of RM6mil to RM10mil in 2Q22, which is two-to-three times more than the RM3mil in 2Q21.