reports
- Milosz Papst
QEX Logistics - FY18 results ahead of initial targets
QEX was able to exceed all of its four key operating measures (KOM) targets for FY18, with sales turnover growing by 42% y-o-y and gross margin at 16.0% (vs initial target of 14.3%), assisted by solid demand for dairy products. The company’s recently launched Australian operations performed ahead of expectations, although local competitors have already reduced prices to strengthen customer retention. FY19 targets are likely to be revised upwards by 31 May, with the sales turnover target to exc...
- Milosz Papst
QEX Logistics - FY18 targets increased amid solid demand
QEX’s operations are gaining momentum, as illustrated by the recent upward revision of three out of four key operating milestone (KOM) targets set by the company. Management now expects sales turnover to reach at least NZ$30m, assisted by the strong Chinese New Year season, good performance of both the Australian operations and QEX’s Chinese subsidiary, Shanghai Ditu International Freight Forwarder (Ditu), as well as a solid sales outlook for March. The Australian daigou market looks promisi...
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