What i understand is Tiger’s volume almost halved during pandemic, but the unit spot rate shot up so high that the top line didnt show it much until last qtr. Now that the rate has normalized the top line showing it, last qtr sales halved. But since they were able to get higher margin, profit is holding up.
Correction was imminent since the q-o-q sales growth was declining. But i guess since the profits are holding up, it didnt crash so badly even after halving sales.
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