JD Logistics’ Subsidiary Shows Mixed Q3 2024 Results

JD Logistics, Inc. (HK:2618) has released an update.

JD Logistics’ subsidiary, Deppon Logistics, reported a modest revenue growth of 1.03% for Q3 2024 compared to the same period last year, but saw a 19.40% drop in net profit attributable to shareholders. Despite this quarterly drop, the first nine months of 2024 showed a stronger performance with an 11.21% increase in revenue and a 9.71% rise in net profit. This financial update highlights the mixed performance of Deppon, offering insights into its ongoing market challenges and opportunities.

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