Jiahong Logistics (02130) issued an announcement. Compared with the same period in 2022, the group expects to take...
According to the Zhitong Finance App, Jiahong Logistics (02130) announced that compared with the same period in 2022, the Group expects to reduce the net profit attributable to equity shareholders in 2023 from HK$2,788 billion and HK$86.6 million respectively to no less than HK$2.1 billion and HK$45 million.
The anticipated decline in earnings and net profit attributable to the company's equity shareholders for the year is mainly due to the following reasons:
(a) The uncertainty of the economic environment and changes in consumer behavior due to the COVID-19 pandemic have led to a reduction in the business volume of the Group's offices in China, Italy and Hong Kong, China, which has reduced the number of air freight tons handled and unloaded by these offices;
(b) Continued decline in air freight rates during the post-pandemic period and throughout the year, as well as increased operating costs due to record-breaking inflation and ongoing geopolitical conflicts (such as the Russian-Ukrainian war); and
(c) Deterioration of the macroeconomic environment.