Kerry Logistics Network Limited (KLN) announced the Group’s annual results for 2024. Group’s financial highlights Revenue* grew by 23% to HK$58,274 million (2023: HK$47,408 million) Core operating profit* increased by 23% to HK$2,725 million (2023: HK$2,207 million) Core net profit* increased by 12% to HK$1,357 million (2023: HK$1,214 million) Profit attributable to the Shareholders was HK$1,542 million, which represents a growth of 95% (2023: HK$791 million) Integrated … [Read more...] about Kerry Logistics Network posts 95% growth in profit attributable to the shareholders growth in revenue and core net profit outperforms the market
Kerry Logistics Network
Kerry Logistics Network appoints Wong Siew Loong as Chief Commercial Officer for the group, Managing Director for Southeast Asia
Kerry Logistics Network Limited announced the appointment of Wong Siew Loong as its Chief Commercial Officer for the Group and Managing Director for South East Asia. The appointment is a key step in accelerating KLN’s growth strategy and advancing its development plan across the globe. With more than 25 years of experience in the global transportation and logistics sector, Siew Loong joins KLN from Kuehne+Nagel where he last served as President of the Asia Pacific region and brings extensive … [Read more...] about Kerry Logistics Network appoints Wong Siew Loong as Chief Commercial Officer for the group, Managing Director for Southeast Asia
Kerry Logistics Network partners with MUFG Bank in syndicated Sustainability-linked and Social Term Loan of HK$1B
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 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
