SF Intra-city More than Doubles H1 Profit

MT Newswires Live08-28

Hangzhou SF Intra-city Industrial (HKG:9699) recorded a 105% rise in attributable profit for the six months ended June 30 to around 62.2 million yuan from 30.3 million yuan a year prior, a Wednesday bourse filing stated.

Earnings per share saw an increase to 0.07 yuan from 0.03 yuan in the first half of 2023.

The logistics services provider's revenue for the interim period from continuing operations rose by 20% to 6.88 billion yuan from 5.75 billion yuan during the year-ago period.

The company attributed the rise in profit mainly to a rise in order volume, higher contributions to revenue from premium customers, and technological advancements and lean management among other factors.

Price (HKD): $10.86, Change: $+0.020, Percent Change: +0.18%

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