Momo.com Inc (富邦媒體) yesterday broke ground for an automated logistics center in Changhua County’s Homei Township (和美) to assist the e-commerce operator in meeting its storage needs for fast delivery.
Construction of the logistics center is expected to be completed in 2027, which would help shorten the lead time for packages delivered to consumers in central Taiwan, the company said in a statement.
Upon completion, the Changhua center would be the company’s largest and most advanced logistics center in the nation, compared with its northern center in Taoyuan’s Dayuan District (大園) and southern center in Tainan’s Sinshih District (新市).
Photo: Liu Hsiao-hsin, Taipei Times
The construction site covers 9,800 ping (32,397m2), Momo said.
The company plans to build eight floors above ground and two below, investing a total of about NT$7.6 billion (US$235.67 million) in the logistics center, it said.
Central Taiwan accounts for 25 percent of Momo’s orders in Taiwan, the company said, adding that the new Changhua center is expected to process 250,000 packages per day and be able to store 5.4 million packages.
Apart from ensuring quality, speedy service for consumers in central Taiwan, the new investment is also expected to help reduce the number of deliveries and lower carbon emissions in the region, it said.
Momo, which operates three platforms — online shopping, TV home shopping and catalog shopping — has benefited from its greater logistics efficiency and a wider range of product diversity compared with local peers, with its third-quarter revenue hitting a record high NT$25.07 billion, the company reported on Tuesday.
Net profit was NT$749.86 million in the July-to-September quarter, lower than NT$842.55 million a quarter earlier and NT$756.36 million a year earlier, due to one-time asset impairment charges, the company said.
Earnings per share were NT$3.12 in the third quarter, it said.
Thanks to improving operational efficiency and economies of scale, net profit in the first three quarters of the year grew 2.8 percent year-on-year to NT$2.48 billion, with earnings per share rising from NT$10.04 to NT$10.32.
Revenue in the first three quarters hit a record NT$76.41 billion, as sales of cosmetics, healthcare, sports and leisure products maintained double-digit percentage growth from a year earlier, whereas consumer electronics and household items saw slower sales growth due to a high comparison base last year.
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