J&T Global Express Returns to Profit in 2024

MT Newswires Live

2025/03/05

J&T Global Express (HKG:1519) recorded an attributable profit of $100.6 million in 2024, compared with a loss of $1.10 billion in 2023, a Wednesday filing with the Hong Kong bourse said.

Earnings per share in the year were $0.006, while the company incurred a loss per share of $0.263 in the year-ago period.

Revenue for the express delivery company in 2024 rose by 16% to $10.3 billion from $8.85 billion a year prior.

The higher revenue was mainly due to an increase in the e-commerce penetration rate, while actively expanding into non-e-commerce platform customers.

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