Grand Power's IR Blog

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Grand Power Logistics Group is listed on the TSX-V and trades under the symbol: GPW.

Based in Hong Kong, Grand Power provides air-freight forwarding, sea-freight, customs brokerage and other logistics services. For more information, visit: www.grandpowerlogistics.com .

Archive
2010 (33)
 

Grand Power Logistics marketing in Toronto - November 15 & 16

Ricky Chiu, President and CEO of Grand Power Logistics, will be marketing in Toronto on November 15 and 16. He will provide an update on the Company's recent progress including its Q3 financial results. He will also review the status of Grand Power's logistics park project in Shanghai's new deep sea port. For more details, please contact jracanelli@equicomgroup.com

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Grand Power's CEO comments on Q3 results

“We are very encouraged by our third quarter results and the progress that we continue to make. Despite higher airline surcharges that impacted our gross margins, we generated net income for the second consecutive quarter, grew our gross profit per tonne shipped by 26% and reduced our debt level by more than 30%.  We expect this momentum to be sustained for the balance of 2010, as historically, our operations are at their strongest in the second-half of the year due to international shipping trends.”
- Ricky Chiu, President and CEO, Grand Power Logistics

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Grand Power Logistics Reports Q3 2010 Results

Click here to download:
GPW Q2 2010 Final.pdf (58 KB)
(download)

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Investor Scorecard on Grand Power now available

An Investor Scorecard rating and evaluating Grand Power's recent financial performance as well as evaluation and return on capital is now available via http://bit.ly/ca74pG

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Grand Power's Q2 conference call

A replay of Grand Power’s second quarter conference call is available at 1-800-642-1687. Please be sure to enter conference code: 95100080.  As an alternative, a replay is also available via webcast at http://bit.ly/bQRmiQ

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Grand Power's CEO comments on Q2 highlights and progress

“We are very pleased with our second quarter results. We made significant progress across each of our financial metrics on a year-over-year basis, including generating higher revenue by almost 5% and lowering our operating expenses by 21%. Most importantly, we generated a profit of more than $300,000.  This momentum is very encouraging and paves the way for the second-half of the year, which historically is the strongest period of our operations given that exports from China are usually at their highest during this time of the year.”
Mr. Ricky Chiu, President and CEO of Grand Power Logistics Group.

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Grand Power Reports Q2 Results

Click here to download:
GPW Q2 2010 Final.pdf (58 KB)
(download)

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China's economy ranked number 2 in the world

Figures for Q2 show that China's economy is now ranked as the second biggest in the world.  The country's GDP in Q2 was US $1.337 trillion, growing more than 10% from 2009.  http://bit.ly/907ZkX 

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Grand Power Logistics to Host Conference Call on June 1 to Discuss 2010 First Quarter Financial Results

Grand Power's Q1 results conference call will be held on June 1 on Tuesday, June 1, 2010 at 10:00 a.m. EST.  To access the conference call by telephone, dial (888) 231-8191 or (647) 427-7450. Please connect approximately 15 minutes prior to the start time to ensure participation.  A question and answer session for analysts and institutional investors will follow management's presentation. The webcast link can be found at http://bit.ly/bl6YUE 

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Grand Power's Q1 Operational Highlights

  • Completed a private placement of 6,666,833 units priced at $0.30 per Unit, for gross proceeds to Grand Power of CDN $2 million.
  • Signed a memorandum of understanding ("MOU") to develop Yangshan International Container Transit Logistics Park. The MOU was signed with the Shengsi County People's Government ("SCPG") in Zhejiang Province, China.
  • Entered into agreements with two major airline carriers to handle the Company’s dangerous cargo shipments in Northern China.
  • Signed an agency agreement with a leading, international ocean carrier to act as a broker for the carrier, selling directly to China-based exporters of manufactured goods.
  • Formed a special Project Team that will oversee the development of Yangshan International Container Transit Logistics Park.
  • Appointed Mr. Jones Chu to the Company's Board as an independent director.
  • Increased air freight direct sales business revenue by 33% to $4.2 million, an amount that represents 27.3% of total consolidated revenue, up from 12.4% for Q1 2009.
  • Reduced operating expenses by 36.5% due to ongoing cost-cutting measures.

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