Kerry Logistics skyrockets in revenue and profits

Kerry Logistics Network Limited (KLN) reported a 23% increase in revenue, reaching US$7.5 billion (HK$58,274 million) in 2024 compared to US$6 billion (HK$47,408 million) in 2023.

Furthermore, the company’s core operating profit rose by 23% to US$350 million (HK$2,725 million) from US$284 million (HK$2,207 million) in the previous year.

Additionally, the core net profit experienced a 12% growth, reaching US$174 million (HK$1,357 million) from US$156 million (HK$1,214 million) in 2023. Notably, profit attributable to shareholders nearly doubled, surging 95% to US$198 million (HK$1,542 million).

KLN has proposed a final dividend of HK$0.15 per share, scheduled for payment on or around 10 June 2025.

Vic Cheung, Executive Director and Chief Executive Officer of KLN, commented, “In 2024, the global economy underwent a slow recovery. Yet, challenges abounded in the macroeconomic environment. KLN responded to these evolving markets with agility, leveraging our network resources and offering flexible and cost-effective solutions to its customers. The Group’s resilience was fully demonstrated by our 2024 results. KLN recorded double-digit growth across revenue and core net profit for the year, outperforming our international peers.”

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