Analyst corner: the Kerry Logistics–Sinotrans dichotomy
Seemingly chasing stock prices, for both
Financial highlights
• Turnover increased by 2% to HK$10,135 million (2014 1H: HK$9,984 million)
• Core operating profit increased by 16% to HK$925 million (2014 1H: HK$796 million)
• Core net profit increased by 11% to HK$542 million (2014 1H: HK$490 million)
• Profit attributable to the company’s shareholders increased by 11% to HK$701 million (2014 1H: HK$634 million)
• Integrated Logistics (“IL”) business achieved a 15% increase in segment profit to HK$807 million (2014 1H: HK$704 million)
• International Freight Forwarding (“IFF”) business recorded a 22% increase in segment profit to HK$191 million (2014 1H: HK$157 million)
• Achieved steady growth in overall operating profit and double-digit growth in core earnings
• Interim dividend of 6 HK cents per share recommended
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