Hong Kong-based logistics provider Kerry Logistics Network Limited reported a 42% decrease in revenue, amounting to around US$6.1 billion.
Additionally, the company reported a core operating profit of US$280,000, representing a massive drop of 61%. Similarly, Kerry Logistics Network’s core net profit decreased by 69% to US$160,000.
“2023 was undoubtedly a challenging year globally,” pointed out Vic Cheung, group managing director of Kerry Logistics Network.
He went on to add, “Nevertheless, the...
https://container-news.com/kerry-logistics-reports-significant-decline-in-financial-figures/