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  • Photo: KLN

30.03.2021

Artikel Nummer: 35812

A strong year for KLN


Hong Kong-based KLN reported strong results for 2020. China’s Kerry Logistics Network benefited from measures to counter Covid-19. Its revenues increased by around 30% to HKD 53.4 billion (USD 6.9 billion) compared to 2019.

 

Its core operating profit increased by about 20% to HKD 3.3 billion (USD 420 million). Profits in the integrated logistics unit, which did particularly well in Hong Kong and Taiwan, improved by 6%.

 

The main drivers of business in Taiwan included growth in the semiconductor and electronics segments, increasing demand for pharmaceutical logistics services and a rise in the volume of e-commerce business.

 

This improvement was however eclipsed by figures from the international freight forwarding division, which saw profits jump by about 64% to more than HKD 1 billion (USD 130 million).

 

Growth was mainly down to strong demand for masks and PPE, and the production of goods in and exports from Mainland China. (sh)

www.kerrylogistics.com

 

 

 

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