BRIEF: J&T Express’ first-quarter parcel volume rises 31.2%
Logistics company J&T Express Global Ltd. (1519.HK) announced on Thursday its parcel volume reached 6.6 billion in the first quarter, up 31.2% year-on-year. The company handled an average of 73.3 million parcels per day during the period, up by a similar 32.6% from a year earlier.
Southeast Asia recorded the highest growth among the company’s regions, with 1.54 billion parcels processed in the first quarter, up 50% year-on-year. Daily parcel volume in the region rose 51.6% to 17.1 million. China remained the company’s largest market, with 5 billion parcels handled in the first quarter, up 26.5% year-on-year. The average daily volume in China was 55.4 million, up 27.9%.
J&T Express had 7,100 network partners at the end of the quarter, down by 100 from the end of last year. Its number of service points increased by 100 to 19,200, while its number of sorting centers remained unchanged at 238
The company’s stock opened 4.4% higher at HK$5.19 on Thursday, closing up 3.22% at HK$5.13 by the midday break.
By Lee Shih Ta
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