Snapshot: Kerry Logistics in the bargain bin? Smell the synergy
Yeah, right
Kerry Logistics Network’s 2021 numbers were released today.
Main highlights:
– Revenue (including revenue generated from discontinued operations) increased by 53% to HK$81,771 million (2020: HK$53,361 million)
– Core operating profit increased by 88% to HK$6,229 million (2020: HK$3,320 million)
– Core net profit increased by 102% to HK$3,692 million (2020: HK$1,828 million)
– Profit attributable to the Shareholders was HK$7,939 million (2020: HK$2,896 million), which represents a year-on-year growth of 174%
– IL business recorded a segment profit of HK$1,868 million (2020: HK$2,642 million), ...
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