| Element List |
Explanation |
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year |
The increase in the revenue compared to the previous year was due to expanding our long-term and short-term rental fleet. Additionally, five-month lease earnings from AutoWorld alongside the full-year revenue from "Overseas Development Company" (70% owned by the group) have further bolstered this performance. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is |
The increase in net profit for this year compared to the previous year is due to the improvement in operating rates for both short-term and long-term rentals, along with the expansion of the fleet size. The acquisition of “AutoWorld” which focuses on long-term rentals, also contributed to the increase in profits during the last five months of the year. Furthermore, the operational integration and the benefits derived from the synergies post-acquisition led to improved fleet utilization and a continuous increase in profitability. |
| Statement of the type of external auditor's report |
Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) |
None |
| Reclassification of Comparison Items |
- |
| Additional Information |
The revenues and profits for the current year include a contribution from “AutoWorld” during the last five months following the acquisition, which was not included in the results of 2023. Additionally, the revenues of “Overseas Development Company” have been fully integrated this year, whereas they were not included in the figures of the previous year. |
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