Global forwarding the star performer, driving growth for Kerry Logistics

Capt. John

Kerry Logistics Network’s freight forwarding division drove growth at the group, which saw core net profit in 2020 grow 33% to HK$3.32bn (US$234m).
Revenues rose 30% to HK$53.3bn, while its cash position grew some 45%, to HK$8.47bn.
Kerry’s International Freight Forwarding (IFF) arm was “the powerhouse”, said the company, accounting for 28% of the total profit, with its own profit up 64% year on year.
“The growth was mainly driven by a high …

The post Global forwarding the star performer,...

https://theloadstar.com/global-forwarding-the-star-performer-driving-growth-for-kerry-logistics/

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon