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Courier giant SF Holding reports 40 pct revenue growth in Q1

April 24, 2020


Abstract : China's express delivery giant SF Holding reported revenue growth but net profit decline in the first quarter of 2020 amid the COVID-19 epidemic.

SHENZHEN, April 23 (Xinhua) -- China's express delivery giant SF Holding reported revenue growth but net profit decline in the first quarter of 2020 amid the COVID-19 epidemic.

SF Holding announced in its first-quarter earnings report that its revenue grew 39.59 percent year on year to 33.54 billion yuan (about 4.74 billion U.S. dollars) in the January-March period.

Its first-quarter net profit, however, fell 28.16 percent year on year to 907 million yuan, said SF Holding, a leader in the middle and high-end courier service market.

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Keyword: revenue SF Holding

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