CN Logistics (02130) has announced its interim results for the six months ended June 30, 2026, posting a substantial increase in profitability. The group recorded revenue of HK$1.634 billion, representing a year-on-year growth of 11.78%, while profit attributable to equity shareholders surged 68.03% to HK$25.925 million.

Earnings per share reached 8.9 HK cents, with an interim dividend of 1 HK cent per ordinary share declared for the period. The air freight forwarding segment emerged as a key growth driver, generating approximately HK$822 million in revenue, a significant 31.1% increase compared to HK$627 million in the first half of 2025.

Gross profit from this segment climbed 63.1% to around HK$103 million, up from HK$63.4 million in the prior corresponding period. The remarkable performance in both revenue and gross profit was primarily attributed to two factors: robust growth in e-commerce volumes from China and Hong Kong to African and European countries, coupled with increased air freight volumes handled by the group's Greater China regional offices.

Where to start with the numbers: The company's top-line expansion outpaced cost growth, translating into stronger bottom-line results. Investors should note that the air freight segment's gross margin improved significantly during this reporting window, reflecting operational leverage and favorable market conditions in cross-border e-commerce logistics.