The logistics company handled around 14 billion parcels in the first half of this year, with strong growth in Southeast Asia and new markets in South America, Africa and the Middle East
Global logistics services provider J&T Global Express Ltd. (1519.HK) said last Friday its adjusted net profit rose 147.1% to $156 million in the first half of the year from $31 million a year ago, lifted by strong results for its ongoing expansion into new markets.
J&T has rapidly expanded its international reach in recent years, extending beyond its initial focus on Southeast Asia and China to include new locations in Saudi Arabia, the UAE, Mexico, Brazil and Egypt.
Its overall revenue rose 13.1% year-on-year to $5.5 billion in the six months to June, with revenue from express delivery services accounting for 97.1% of the total on strong gains for its parcel volume in Southeast Asia, China and new markets in Latin America and …