YTO International Reports Mixed Mid-Year Results

YTO International Express and Supply Chain Technology Limited (HK:6123) has released an update.

YTO International Express and Supply Chain Technology Limited reported a 20.6% increase in revenue to HK$2,975.1 million for the first half of 2024, but swung to a loss of HK$42.1 million, in contrast to a profit in the same period last year. Notably, the air freight segment suffered a significant decrease in profits by 60.9%, while ocean freight business improved by 32%. Additionally, the international express and parcel services business experienced an 82.2% decline in segment results compared to the previous year.

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