SF Holding posts strong profit growth

0 Comment(s)Print E-mail Xinhua, October 27, 2020
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China's express delivery giant SF Holding reported robust profit growth in the third quarter, according to a company financial report.

The firm's net profits from July to September hit 1.84 billion yuan (about 275.76 million U.S. dollars), surging 51.55 percent year-on-year.

In the first three quarters, the company's net profits rose 29.84 percent from the same period a year earlier to 5.6 billion yuan.

Revenues jumped 39.13 percent year-on-year to 109.59 billion yuan during the period.

China's courier sector has been witnessing rapid business volume growth since February as it recovers from the COVID-19 epidemic.

SF Holding's shares gained 2.66 percent to close at 87.25 yuan per share on Monday.

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