\n<\/p>\n
HONG KONG
\u00a0<\/p>\n
Group’s Financial
William MA, Group Managing Director of KLN
\u00a0<\/p>\n
IL Growth Sustained<\/b><\/p>\n
KLN Group’s
In Hong
\u00a0<\/p>\n
In Mainland
\u00a0<\/p>\n
In Taiwan,
\u00a0<\/p>\n
In Asia,
\u00a0<\/b><\/p>\n
IFF Thrived<\/b><\/p>\n
The IFF
\u00a0<\/p>\n
Kerry Apex
Facility Portfolio Updates<\/b><\/p>\n
In Mainland
Proposed Strategic Investment from S.F. Holding<\/b><\/p>\n
On 10
\u00a0<\/b><\/p>\n
William Ma
HONG KONG
SAR –\u00a0Media OutReach\u00a0–\u00a025
March 2021 – Kerry
Logistics Network Limited (‘KLN’, the ‘Company’ or together with its subsidiaries, the ‘Group’ or
‘KLN Group’; Stock Code 0636.HK) today announced the Group’s annual results for
2020.
\u00a0
Group’s Financial
Highlights
Revenue increased by 30% to
HK$53,361 million (2019: HK$41,139 …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/13671"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=13671"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/13671\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=13671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=13671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=13671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nSAR –\u00a0Media OutReach<\/a>\u00a0–\u00a025
\nMarch 2021 – Kerry
\nLogistics Network Limited (‘KLN’, the ‘Company’ or together with its subsidiaries, the ‘Group’ or
\n‘KLN Group’; Stock Code 0636.HK) today announced the Group’s annual results for
\n2020.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nHighlights <\/i><\/b><\/p>\n
\n
<\/p>\n\n
\nHK$53,361 million (2019: HK$41,139 million)<\/li>\n
\n20% to HK$3,320 million (2019: HK$2,765 million)<\/li>\n
\nHK$1,828 million (2019: HK$1,374 million)<\/li>\n
\nShareholders for 2020 was HK$2,896 million. Excluding the gain from disposal of
\ntwo warehouses in Hong Kong in 2019, it represents a remarkable year-on-year
\ngrowth of 58% (2019 normalised: HK$1,830 million)<\/li>\n
\nrecorded a segment profit of HK$2,583 million (2019: HK$2,435 million), which
\nrepresents an increase of 6%. The growth in IL segment profit was affected by
\nthe reduced profit contributed by lesser number of warehouses in Hong Kong
\ncompared with 2019. Should this impact be normalised, segment profit of IL
\nbusiness should have increased by 8%<\/li>\n
\n(IFF) business recorded a 64% increase in segment profit to HK$1,017 million
\n(2019: HK$622 million)<\/li>\n
\ncents per share, to be payable on Friday, 11 June 2021<\/li>\n<\/ul>\n
\n
<\/p>\n
\nGroup<\/b>, said, “The
\nCOVID-19 pandemic has brought unprecedented challenges to everything from global
\npublic health to people’s livelihoods. The stop-and-go momentum of the global
\neconomy has caused severe disruption to the global supply chain. With human
\nmobility severely curtailed, the role of logistics has become ever more
\nparamount. Every link in the supply chain from sourcing and manufacturing to the
\ndistribution of finished products must still be maintained. Even as the
\npandemic forced millions of corporate employees around the world to work from
\nhome, our teams have been working tirelessly on the frontline, maintaining 24\/7
\nservices across some 150 international hubs to support various industries and
\nsustain people’s daily lives. In 2020, thanks to the collective efforts of our
\ncolleagues and business partners, KLN Group achieved record growth in both
\nrevenue and core net profit, clearly demonstrating the Group’s resilience and capability
\nto evolve through the pandemic.”<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nIL division recorded a normalised segment profit growth of 8% in 2020, mainly
\ndriven by the strong performance in Hong Kong and Taiwan. <\/p>\n
\n
\n
\n
<\/p>\n
\nKong, the IL division grew by 10% in 2020, benefitting from the rise in demand
\nfor home-delivered
\ndaily necessities,
\nelectronic goods and pharmaceutical logistics. The Hong Kong warehouse business
\ncontracted in 2020 compared with 2019 mainly due to the disposal of two
\nwarehouses in 2019 1H.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nChina, the segment profit for the IL division bounced back in 2020 2H,
\noffsetting the 37% drop in 2020 1H. This was due to the resumption of
\nmanufacturing activities, recovery of local consumption and the rapid growth of
\nthe e-commerce market in Mainland China.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nthe IL business expanded by 19% year-on-year in segment profit, capitalising on
\nthe growth of semi-conductors and electronics manufacturing, the increasing
\ndemand in pharmaceutical logistics as well as the rise in e-commerce business.
\nThe robust performance of Science Park Logistics’ bonded operations was another
\ndriver for its growth.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nthe IL business sustained despite severe lockdowns across the region, driven by
\nthe switch from consumer goods business to the essential supply sectors. The
\nGroup expanded its express business to the Philippines through the
\nestablishment of a joint venture company in 2021 Q1 in which the Group has a
\n51% interest.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\ndivision was the powerhouse of KLN Group’s business in 2020, accounting for 28%
\nof the total segment profit, with its segment profit for the full year
\nincreasing by 64% year-on-year compared to a 40% growth in 2020 1H. The growth
\nwas mainly driven by a high global demand for pandemic-related goods as well as
\nproduction and exports from Mainland China. It created the favourable
\nconditions for the Group to capture opportunities from the unprecedented
\nvolatile global freight market, in terms of rates, capacity and equipment
\navailability.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nrecorded an increase in volume of 17%, strengthening its Trans-Pacific market
\nposition. It was the number one NVOCC from Thailand, Vietnam, Indonesia and
\nMalaysia to the US, the number two NVOCC from Asia to the US for 2020.<\/p>\n
\n
\n
\n
<\/p>\n
\n
<\/p>\n
\nChina, the 340,000-sq-ft chemical logistics centre in Cangzhou commenced
\noperation in 2021 Q1. Construction of the 827,000-sq-ft logistics centre in
\nQingdao is expected to complete in 2021 Q2. The 1,043,000-sq-ft logistics
\ncentre in Guangzhou, the 305,000-sq-ft chemical logistics facility in
\nZhangjiagang, the 644,000-sq-ft hub and logistics centre in Zhuhai and the 545,000-sq-ft
\nbonded logistics centre in Hainan are expected to complete construction in
\n2022. <\/p>\n
\n
\n
\n
<\/p>\n
\n
<\/p>\n
\nFebruary 2021, a Joint Announcement was made amongst S.F. Holding (acting
\nthrough its wholly-owned subsidiary), the Company and Kerry Properties Limited,
\na Controlling Shareholder and substantial shareholder of the Company. Pursuant
\nto the Joint Announcement, S.F. Holding will make a voluntary conditional cash
\noffer to shareholders to acquire a controlling stake in the equity interest of
\nthe Company. The proposed transaction is subject to satisfaction of certain
\npre-conditions. These pre-conditions include certain inter-conditional special
\ndeals, including the disposals of certain Hong Kong warehouses and the
\nCompany’s Taiwan businesses, being entered by the Company with Kerry Holdings
\nLimited, the substantial shareholder of the Company. If the proposed
\ntransaction does not proceed, these special deals also will not proceed.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nconcluded, “Scale and technological advances are crucial for any company in
\nthis industry to retain its competitiveness over its peers and drive changes in
\nthe global logistics arena. To this end, the proposed strategic cooperation
\nwith S.F. Holding will scale up KLN Group, extending its reach and enhancing
\nits R&D capabilities. The Group’s performance in 2020 stands as
\ntestament to the capability in devising creative and efficient logistics
\nsolutions, which were in high demand when the global supply and logistics
\ninfrastructure suffered damage. KLN
\nGroup is prepared to seize any opportunity that may arise, as well as to
\nenhance its value for stakeholders.”<\/p>\n<\/p><\/div>\n\n
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