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ACW - Air Cargo Week

04/12/2012

Kerry sees improved turnover

Hong Kong-based Kerry Logistics increased its turnover to a little over US$2 billion last year, while net profit also rose year-on-year.

Growth in its Integrated Logistics (IL) division in Hong Kong and South-East Asia drove the expansion, Kerry said.

IL's strategy of focusing on serving new demand emerging from China’s shift from being just an export-led economy to a domestic, consumption-led model has paid dividends, the company noted.

Other revenue drivers were the flow of manufacturing activities into ASEAN countries and expansion of Kerry's  operations in Taiwan.

The International Freight Forwarding (IFF) segment also saw strong gains – with revenue increasing by 51 percent over 2010 and net profit rising by 20 percent.

The IFF business benefited from "increasing economies of scale and a growing capability in intra-Asia and Asia - Europe trade lanes", a Kerry statement said.

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