ASX:SLH
Silk Logistics Holdings Ltd
Location: Australia
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With a 27.6% increase in port logistics revenue in FY24 and the ongoing expansion into bulk logistics, what specific steps are being taken to ensure that Silk’s newly implemented automated solutions and expanded Secon operations will meet efficiency targets across its national network?
We remain very focussed on ensuring operational success from newly implemented automated solutions and expanded Secon operations meet productivity and efficiency outcomes that we set across the business. Detailed planning combined with daily operational oversight have ensured that targets are monitored closely and client outcomes are positive.
Given the strategic benefits highlighted in Silk’s recent acquisition by DP World Australia, how does Silk Logistics plan to leverage DP World’s infrastructure to address the 13.9% decrease in contract logistics revenue in FY24, especially within industries facing discretionary consumer pressure?
The Scheme announcement of combining DP World Australia’s terminal operations with Silk’s value add services enhances our capability to deliver solutions for customers and to create sustainable value for all stakeholders.
This acquisition aligns with DP World Australia’s strategy to deliver complementary logistics solutions for a broad customer base across Oceania.