company. Purchase of 80% of Universal Common Shares of Universal Worldwide Transportation Limited. Page 2 of 5 The Company must recognize revenue. Entering into the financial statements. As a result
to 13.40%. The increasing of income is from the strategy that have planned by the company. Since 4 January 2 0 1 8 the company had decided to purchase common share from WICE Logistics (Hong Kong
. The increase in demand by air freight, in particular, encouraged the cross-border land transportation (CBS) business to turn a profit on the net loss last year. This contributed to a significant growth
the three-month period Ended 30 June 2019 For the three-month period Ended 30 June 2018 Increase / (Decrease) Percentage Sea Freight 151.36 151.01 0.35 0.23 Air Freight 181.49 193.11 -11.62 -6.02 Cross
approval of the acquisition from the Comapany’s Board of Director No. 5/2017 held on 31 October 2017. The Share Purchase Agreement will be effective after Board of Director’s approval. 2) Related Contract
the purchase of ordinary shares of WICE Logistics (Singapore) Pte. Ltd. Or "WICE SG" (formerly Sun Express Logistics Pte. Ltd. or "SEL") in the amount of 30 percent of the total shares (Portion 2) In
due to higher freight rates and higher number of shipments compared to the same period of previous year. Financial Cost In the three-month period ended 30 June 2017 and 2016, total financial cost of the
in the country in April. This significantly limited distribution channels for the Company’s customers and they delayed their purchase orders of the Company’s products. Consequently, domestic sales fell
market in the country last April. This caused problems for distribution channels of the Company’s customers, as they had to postpone their purchase orders of the Company’s products. As result, domestic