Kerry Logistics Network (KLN) reported a remarkable 95% increase in profit attributable to shareholders, reaching HK$1.5 billion in 2024, alongside a 23% rise in revenue to HK$58.3 billion. CEO Vic Cheung emphasized KLN’s agility in navigating a challenging global economy and highlighted double-digit growth in revenue and core net profit, outpacing international competitors. Despite a 3% decline in segment profit in its integrated logistics business due to market changes, KLN’s international freight forwarding segment grew by 39%. A new joint venture in China exceeded revenue expectations in its first year, and KLN plans to leverage its diverse market presence for future growth amidst ongoing supply chain challenges.

Source: https://www.stattimes.com/logistics/kln-posts-95-growth-in-profit-attributable-to-shareholders-1354866