Kerry Logistics Network releases strong 2021 numbers

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), which represents a decrease of 29%, partly due to the disposal of the Group’s Hong Kong Warehouse and the Taiwan businesses during the year

– IFF business recorded a segment profit of HK$4,860 million (2020: HK$993 million), which represents a growth of 389%

– Proposed final dividend of 50 HK cents per Share, to be payable on Wednesday, 8 June 2022

The full statement can be found here.