News / Kerry Logistics profits rise, despite 'a challenging and turbulent year'

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Kerry Logistics is “reserving its strengths and getting prepared to play a more vital role in supporting our customers to move well ahead of the aftermath [of Covid-19]”, it said, as it announced its 2019 results.

“2019 was a challenging and turbulent year,” said chairman Kuok Khoon Hua, as the Asian forwarder reported revenue up 8% to HK41bn ($5.3bn), with core operating profit up 17% to HK$2.7bn. Net profit rose 4% to HK$1.37bn.

Kerry’s international freight forwarding business rose 13% to HK$622m.

“Global ...