Hong Kong-based logistics firm Kerry Logistics Network showed little sign of the Chinese financial crisis in its interim results for the six months ended 30 June.
However, group managing director William Ma warned that the global economy “continued to be plagued with volatility in the first half of 2015” although its businesses in the Greater China region” remained relatively stable” driven by Kerry’s strong performances in Hong Kong and Taiwan.
Core operating profit jumped by 16% to HK$925m (US$119m) compared with HK$796m in the same period in the previous year, although turnover increased by a much more modest 2% to HK$10.1bn compared with HK$9.9bn in 2014.
Kerry’s strategy up to now has been to tap into the growth of China and the wider Asian region and work strengthening trans-Pacific coverage.