During the first half of 2024, J&T Global Express Limited (J&T Express) , a logistics services provider, achieved an increase in revenue of 20.6% compared to the same period of the previous year.
The company explained through a press release that this growth was $4.86 billion , and was mainly driven by the 33.7% increase in revenue generated by its express delivery services.
In that sense, during this period, the company recorded a net income of 31,026 million dollars , reversing the losses of 670 million from the previous year.
It also achieved an adjusted EBITDA of $350 million, which represents an increase of 795.6% compared to the same period of the previous year. Additionally, EBIT turned positive, reaching $120 million, reflecting sustained profitability for the first time in the company’s history.
Additionally, the total volume of packages handled by J&T Express grew by 38.3% , reaching 11.01 billion, with China and Southeast Asia as the main drivers of growth, where volume increased by 37% and 42%, respectively.
Fan Suzhou, CEO of J&T Express, stressed that the company plans to continue its strategic growth globally, improving the quality of its logistics services and strengthening its operations network.
In emerging markets such as Saudi Arabia and Mexico , the company also reported a significant growth of 64% in package volume, driving an increase in its revenue.
Despite these results, J&T highlighted in its statement that it will continue to focus on improving its operational efficiency and expanding its global presence.
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