01.04.2025 By: Jeremy Soland
Artikel Nummer: 52628
KLN annual results
KLN (formerly the Kerry Logistics Network) posted strong results for 2024, with profit attributable to shareholders rising by 95% to HKD 1.54 billion. Revenues grew by 23% to HKD 58.3 billion, while core net profits increased by 12% to HKD 1.36 billion.
The international freight forwarding segment led growth with a 39% jump in profit, driven by strong demand in Asia, the US and China and rising freight rates following the Red Sea crisis. The integrated logistics business declined slightly. KLN also saw over HKD 1.7 billion in revenue from its industrial project logistics division and over HKD 200 million from its joint venture at Ezhou airport.
KLN will complete its global rebranding from Kerry Logistics Network by mid-2025. (js)