Kerry Logistics (HKSE: 0636.HK) scored a first-half-year net profit of HK$845 million (US$109 million), up 26% over the same period last year, despite a significant downturn in warehouse business caused by the coronavirus pandemic.
A decline in logistics revenue from operating fewer warehouses in Hong Kong was offset by strong growth in last-mile fulfillment and e-commerce logistics.
Demand for general warehousing and regional distribution centers plummeted this year across Asia with the...
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