CJ Logistics has released its financial results the year ended December 31, 2019 reporting sales of KRW*10,415.1bn, a year-on-year increase of 13.0%. The company reported a gross profit of KRW972.6bn, an increase of 17.4% in comparison to 2018. Operating profit also grew by 26.6% to KRW307.2bn.
The Contract Logistics division reported a sales increase of 2.4% to KRW2585.3bn. Gross profit decreased by 4.7% to KRW259.5bn.
The company’s Global division reported sales of KRW4,441.9bn, an increase of 21.5% year-on-year. Gross profit increased by 20.0% to KRW391.5bn.
The Parcel division’s sales saw an increase of 17.1% to KRW2648.2. The company reported a gross profit of KRW251.4bn, a year-on-year increase of 41.3%.
Source: CJ Logistics
*$=KRW1154 / €=KRW1296
