\n<\/p>\n
HONG KONG SAR – Media OutReach<\/a> – 27 August 2021 – Kerry Logistics
\u00a0<\/p>\n
Group’s
\u00a0<\/span><\/p>\n
William MA, Group Managing
\u00a0<\/p>\n
IL Grew <\/b><\/p>\n
The IL business reported a 13% segment profit growth, mainly
\u00a0<\/p>\n
In Hong Kong, the warehousing business grew 18% backed by a higher
\u00a0<\/p>\n
In Mainland China, the IL business continued its rebound in 2021
\u00a0<\/p>\n
In Taiwan, the segment profit for the IL division maintained
\u00a0<\/span><\/p>\n
In Asia, the IL division suffered a drop of 12% in segment profit
\u00a0<\/p>\n
IFF Thrived<\/b><\/p>\n
The
\u00a0<\/p>\n
The
\u00a0<\/p>\n
The air freight sector continued to operate
\u00a0<\/p>\n
In the ocean
\u00a0<\/p>\n
Proposed Strategic Investment from S.F. Holding<\/b><\/p>\n
Upon
\u00a0<\/p>\n
The
\u00a0<\/p>\n
William Ma concluded, “With no end to the pandemic in
HONG KONG SAR – Media OutReach – 27 August 2021 – Kerry Logistics
Network Limited (‘Kerry Logistics Network’ or together with its subsidiaries, the ‘Group’ or ‘KLN Group’; Stock Code 0636.HK) today announced
the Group’s interim results for the six months ended 30 June 2021.
\u00a0
Group’s
Financial Highlights
…<\/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\/17223"}],"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=17223"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17223\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=17223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=17223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=17223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nNetwork Limited (‘Kerry Logistics Network’ or together with its subsidiaries, the ‘Group’ or ‘KLN Group’; Stock Code 0636.HK) today announced
\nthe Group’s interim results for the six months ended 30 June 2021.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nFinancial Highlights <\/i><\/b><\/p>\n
\n
<\/p>\n\n
\nby 68% year-on-year to HK$36,709 million (2020 1H: HK$21,885 million)<\/li>\n
\nprofit increased by 70% to HK$2,536 million (2020 1H: HK$1,489 million)<\/li>\n
\njumped by 81% year-on-year to HK$1,530 million (2020 1H: HK$845 million)<\/li>\n
\nattributable to the Shareholders for 2021 1H was HK$3,380 million (2020 1H:
\nHK$1,073 million)<\/li>\n
\nmillion) and International Freight Forwarding (‘IFF’) business recorded HK$1,437 million (2020 1H: HK$379 million), which
\nrepresent an increase of 13% and 279%, respectively<\/li>\n
\nof 21.1 HK cents per Share, to be payable on Tuesday, 28 September 2021<\/li>\n<\/ul>\n
\n
<\/p>\n
\nDirector of Kerry Logistics Network<\/b>, said,
\n“The COVID-19 pandemic has entered into a new phase with the worldwide spread
\nof the Delta variant, which has been severely affecting global and domestic
\nsupply chains and disrupting business operations at different levels around the
\nworld. These disruptions and capacity chokeholds, together with different
\ngovernment approaches and restrictions in tackling the pandemic, have compelled
\nthe logistics industry to move towards a growing focus on service
\ncustomisation. Leveraging our core competency in providing highly customised
\nsolutions, KLN Group capitalised on the opportunities in this new environment
\nand achieved record growth in both revenue and core net profit in 2021 1H.”<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nriding on a booming manufacturing sector in Mainland China. <\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\noccupancy. The logistics operations business increased by 9% as the pandemic
\nremained largely under control since 2021 Q2.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\n1H, expanding by 82% year-on-year in segment profit. This was supported by the
\naccelerated resumption of production, revived domestic consumption and thriving
\nonline shopping.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nstable with a 5% growth.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nas the pandemic continued to rumble across the region with prolonged lockdowns,
\nrestrictions and quarantine measures. <\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nIFF business recorded a 279% segment profit growth in 2021 1H, mainly riding on
\nthe change in consumer behaviour and strong exports from Mainland China to the
\nworld. <\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nIFF business is experiencing a rapidly changing market and the Group is
\nadjusting its strategy on a monthly basis depending on the development of
\nCOVID-19 pandemic, as well as unpredictable events.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nwith scarce international belly cargo capacity provided by passenger aircraft,
\nprompting the market to rely on freighters of limited space, which resulted in
\nserious fluctuation in air freight capacity and rates. <\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nfreight sector, congestion in destination ports has caused severe delays to
\nvessel turnaround time and exacerbated the container equipment shortage in
\nAsia. Currently, there are still huge backlogs in Mainland China where plenty
\nof cargo vessels destined for the Americas and Europe were cancelled or
\ndelayed.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nthe completion of S.F. Holding’s investment in the Group, the Group’s profit
\nwill have a significant adjustment in light of the disposal of the Hong Kong
\nwarehouse and the Taiwan businesses to Kerry Holdings Limited.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\ncooperation will bring together the core competencies of S.F. Holding and the
\nGroup across multiple verticals to create a leading Asia-based global logistics
\nplatform to meet ever-changing demands.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nsight, KLN Group will continue to support our customers counter various supply
\nchain challenges through customised and comprehensive solutions across major
\ngateways. We are also ready to capture the growing opportunities in the booming
\nand evolving e-commerce business. Meanwhile, our ongoing efforts in
\nhumanitarian logistics will expand our service capabilities to assist in
\ndisaster relief operations. Moving forward, the Group will further strengthen
\nour product offerings to navigate a highly inefficient and volatile global
\nsupply situation.”<\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"