Brief: Kerry Logistics Network Sees Disparity Between Financial Performance In 2023 Vs Previous Year

KLN Logistics

28/06/2023 14:38

June 28 (Reuters) - Kerry Logistics Network Ltd
 0636.HK :
    * EXPECTS TO SEE A CONSIDERABLE DISPARITY BETWEEN ITS
FINANCIAL
PERFORMANCE IN 2023 AND THAT IN PREVIOUS YEAR
    * FOR FIVE MONTHS ENDED 31 MAY 2023, CORE NET PROFIT OF
HK$290
MILLION
    * EXPECTED RESULT DUE TO  DECLINE IN PROFIT FROM
INTERNATIONAL
FREIGHT FORWARDING SEGMENT, AMONG OTHERS
    * OVERALL PERFORMANCE HAS BOTTOMED OUT IN Q1 OF 2023
    * OVERALL PERFORMANCE EXPECTED TO GRADUALLY IMPROVE IN 2H OF
2023


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