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
SF Holdings
UPS and SF receive regulatory approval in China
UPS and SF Holding have announced approval of their planned joint venture by China’s Ministry of Commerce (MOFCOM). The jv enables them to collaborate on development and provision of international delivery services from, China to the U.S. initially, and to other trade lanes in the future. The JV approval is a positive development for international trade and allows the two leading companies to leverage their complementary networks, service portfolios, technologies and logistics … [Read more...] about UPS and SF receive regulatory approval in China
