Strong growth in Asia
Kerry Logistics has tabled the group’s annual results for 2018. Turnover surged by 24% to HKD 38.139 billion (EUR 4.325 billion). The core operating profit rose by 11% to HKD 2.364 billion (EUR 268 million) and the core net profit climbed by 12% to HKD 1.326 billion (EUR 150.3 million).
William Ma, group managing director of Kerry Logistics, said, “The economic growth in emerging Asia, specifically in the Southeast Asian countries, continued its strong momentum. With an unparalleled network in Asia, my company is well-positioned to capitalise on the robust growth in the region.
Increasing demand in intra-Asia trade and e-commerce business accelerated the group’s IL businesses. We recorded a double-digit increase in turnover, core operating profit, and core net profit in 2018, achieving positive growth for the ninth consecutive year.” (mw)