KUALA LUMPUR (Nov 23): Ancom Logistics Bhd mulls expanding its fleet size and carrying capacity which are essential to maintain growth going forward.
"We believe the business is gearing for growth and (even) in the current difficult state of the economy the board feels the company is able to perform consistently," CFO Lee Cheun Wei said after the AGM and EGM on Wednesday.
For the first quarter ended Aug 31, 2011, it posted net profit of RM1.02 million compared with RM1.97 million a year ago.
Ancom Logistics' core activities are transportation, warehousing and chemical tank farm business in Malaysia and Singapore.
"We believe the business is gearing for growth and (even) in the current difficult state of the economy the board feels the company is able to perform consistently," CFO Lee Cheun Wei said after the AGM and EGM on Wednesday.
For the first quarter ended Aug 31, 2011, it posted net profit of RM1.02 million compared with RM1.97 million a year ago.
Ancom Logistics' core activities are transportation, warehousing and chemical tank farm business in Malaysia and Singapore.
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