Summary by Moomoo AI
Kerry Logistics announced its 2023 results, with revenue down 42% to HK$474.08 billion, core operating profit down 61% to HK$22.07 million, core net profit down 69% to HK$12.14 billion, and shareholder profit down 78% to HK$7.91 million. Profit in the integrated logistics division fell by 7% and profit in the international freight division fell by 70%. Despite the challenging market situation, Kerry Logistics focused on integrated logistics and international freight core business through transformation and strategic adjustments. During the year, Kerry Logistics sold its express services company to Shun Fung Holdings and distributed a special interim dividend. The Group remains optimistic about the future and will continue to seek business opportunities and sustainability. A final dividend of HK13 cents per share is proposed, expected to be paid on 6 June 2024.