RCL reported 130% profit growth in the second quarter of 2022

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Regional Container Lines Plc. (RCL) reported the operating results for the second quarter of 2022 with a net profit of 7.36 billion Baht, representing a 130% growth.

The company said they were benefiting from 73% higher freight rates at 15.58 billion baht for the first 6 months of 2022, up 154% year-on-year.

The main factors contributing to the high performance in the first half of the year were a 79% higher freight rate and a 4% increase in freight volume.

RCL’s share closed at 40.25 baht on Friday, up 1.25 Baht or 3.21%, with a turnover of 556.41 million baht.

In addition, the company announced a dividend payment from the operating period between January and June at the rate of 1.75 baht per share.

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