Kerry eCommerce and MTR Corporation launch new retail solution

MTR Corporation and Kerry Logistics Network Limited announced their collaboration in launching an online-to-offline (‘O2O’) new retail solution through their respective sub-brands, MTR Shops and Kerry eCommerce, to bring new retail experiences to consumers in Hong Kong. The launch event held at Hong Kong Station yesterday unveiled the first new retail collaboration, “Kerry Express @ MTR […]

Kerry Logistics core net profit up 26%

Kerry Logistics Network has revealed Group interim results for the six months ended 30 June 2020. Group revenue increased by 10% year-on-year to HK$21,885 million (2019 1H: HK$19,810 million). Core operating profit increased by 12% to HK$1,489 million (2019 1H: HK$1,330 million). Core net profit jumped by 26% year-on-year to HK$845 million (2019 1H: HK$669 […]

Kerry Logistics to sell AAT stake as profits and turnover rise

Kerry Logistics Group is to sell its share in Asia Airfreight Terminal as part of a strategy to streamline business and increase performance. It says the cash and working capital will allow the group to restructure its business position and focus on pursuing development opportunities in core businesses or potential future acquisitions. The news came […]