Kerry, a leading logistics service provider in Asia, reported core net profit grew 11 per cent year on year to HK$542m for the six months to June. Turnover rose two per cent to HK$10.1bn.
China profit for the integrated logistics segment dropped eight per cent during the period, generating 16 per cent of the whole sector profit. For international freight forwarding, profit from China grew 19 per cent, contributing 60 per cent of the whole sector profit.