Logory Logistics Technology Co. Ltd. Class H (HK:2482) has released an update.
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Logory Logistics Technology Co., Ltd. has reported a remarkable turnaround with an anticipated net profit of RMB24.0 million for the first half of 2024, signaling a significant recovery from the net loss of RMB26.2 million in the same period last year. This financial upswing is largely attributed to the company’s successful digital innovation in logistics management and operations, which led to increased customer demand and improved control over selling and administrative expenses. Investors are advised to await the official interim results due for release by August 31, 2024, for a more detailed financial perspective.
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