Kerry Logistics Network Limited and a syndicate solely led by MUFG Bank Ltd. have signed a five-year HK$1 billion syndicated Sustainability-linked & Social Term Loan Facility. This Facility is a first-of-its-kind ESG-linked syndicated loan structure in the Asia Pacific, validating KLN’s pioneer position in the logistics sector and commitment to Environment, Social and Governance (‘ESG’). MUFG acted as the sole Mandated Lead Arranger, Bookrunner and Underwriter and Sustainability & … [Read more...] about Kerry Logistics Network partners with MUFG Bank in syndicated Sustainability-linked and Social Term Loan of HK$1B
Kerry Logistics Network
Kerry Logistics Network posts 126% growth in profit
Kerry Logistics Network Limited announced the Group’s interim results for the six months ended 30 June 2024. Group’s Financial Highlights Revenue* grew by 10% year-on-year to HK$25,432 million (2023 1H: HK$23,197 million) Core operating profit* increased by 11% to HK$1,200 million (2023 1H: HK$1,078 million) Core net profit* also increased by 5% year-on-year to HK$606 million (2023 1H: HK$575 million) Profit attributable to the Shareholders for 2024 1H was HK$831 million (2023 … [Read more...] about Kerry Logistics Network posts 126% growth in profit
Kerry Logistics rolls out e-trucks in Hong Kong
Kerry Logistics Network has started deploying 5.5-tonne electric trucks (‘e-trucks’) in Hong Kong this month as part of its green initiative to achieve net zero emissions by 2050. The introduction of the e-trucks will be a trial run as the company looks to switch to renewable energy for road transportation to reduce greenhouse gas emissions. William Ma, group managing director of Kerry Logistics Network, said the company is in the process of shifting to alternative fuel vehicles and … [Read more...] about Kerry Logistics rolls out e-trucks in Hong Kong
Kerry Logistics adds air freight capacity in Asia from Macau
Kerry Logistics Network is joining forces with Malaysian cargo airline My Jet Xpress Airlines to offer air freight charter options within Asia with Macau International Airport as the main transit hub. The two first introduced the service in March of this year to provide freight capacity from Macau to East Malaysia and Indonesia for one of Kerry’s ecommerce customers, where My Jet Express achieved on-time performance of 98 percent. The cargo charter operator recently invested in two Boeing … [Read more...] about Kerry Logistics adds air freight capacity in Asia from Macau
Kerry Logistics’ net profit up 81 percent in H1
Kerry Logistics Network announced last week the Group’s interim results for the six months ended 30 June 2021. Group’s Financial Highlights Revenue increased by 68 percent year-on-year to HK$36,709 million (2020 1H: HK$21,885 million) Core operating profit increased by 70 percent to HK$2,536 million (2020 1H: HK$1,489 million) Core net profit jumped by 81 percent year-on-year to HK$1,530 million (2020 1H: HK$845 million) Profit attributable to the Shareholders for 2021 1H was … [Read more...] about Kerry Logistics’ net profit up 81 percent in H1
Kerry Logistics establishes air cargo network at HSV
Kerry Logistics Network Limited has introduced a new transpacific air freight service to connect multiple locations in Asia to the United States amidst heightened demand in a pandemic-hit air freight market. The freight integrator is partnering with Huntsville International Airport (HSV) in Alabama to launch its own air network and leverage on the Americas hub in Huntsville, with the first cargo flights originating from Hong Kong set to start this month. Dubbed Kerry freight controlled … [Read more...] about Kerry Logistics establishes air cargo network at HSV