Freight Forwarders

Kerry Logistics Network posts 30% growth in revenue core net profit increased by 33%

The IFF division was the powerhouse of KLN Group’s business in 2020, accounting for 28% of the total segment profit, with its segment profit for the full year increasing by 64% year-on-year compared to a 40% growth in 2020 1H.

The growth was mainly driven by a high global demand for pandemic-related goods as well as production and exports from Mainland China.

Kerry Apex recorded an increase in volume of 17%, strengthening its Trans-Pacific market position.

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