Chinese courier giant SF Holding posts strong profit growth
Source: Xinhua | 2020-10-27
China's express delivery giant SF Holding reported robust profit growth in the third quarter, according to a company financial report.
The firm's net profits from July to September hit 1.84 billion yuan (about 275.76 million U.S. dollars), surging 51.55 percent year-on-year.
In the first three quarters, the company's net profits rose 29.84 percent from the same period a year earlier to 5.6 billion yuan.
Revenues jumped 39.13 percent year-on-year to 109.59 billion yuan during the period.
China's courier sector has been witnessing rapid business volume growth since February as it recovers from the COVID-19 epidemic.
SF Holding's shares gained 2.66 percent to close at 87.25 yuan per share on Monday.
Busiunion
Busiunion