News / Tough first half for Kerry Logistics as turnover and profit creep up

© Khunaspix Dreamstime.

Kerry Logistics Network, Asia’s leading logistics service provider, today announced the group’s interim results for the six months ended 30 June 2016.

Group  Financial Highlights

• •Turnover increased by 3% to HK$10,461 million (2015 1H: HK$10,135 million) Core operating profit maintained at HK$928 million (2015 1H: HK$925 million)
• •Core net profit increased by 1% to HK$548 million (2015 1H: HK$542 million)
• •Profit attributable to the shareholders increased by 1% to HK$709 million (2015 1H: HK$701 million)
• •Integrated Logistics (‘IL’) business recorded a segment profit of HK$799 million (2015 1H: HK$807 million), which represents a slight drop of 1%
• •International Freight Forwarding (’IFF’) business achieved a 9% increase in segment profit to HK$208 million (2015 1H: HK$191 million)
• •Interim dividend of 7 HK cents per share recommended