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China’s logistics giant SF Holdings said its net profit for the third quarter is expected to reach 1.91 – 2.06 billion yuan, surging 84% – 99% from a year earlier.
SF’s net profit for the first three quarters of the year is expected to jump by 146% – 154% year over year to 4,42 – 4,57 billion yuan, it said. Excluding non-recurring items, net profit for the first three quarters is expected to reach 3.8 – 3.95 billion yuan, surging 1,041% – 1,086% from a year earlier.
The growth of the business volume and revenue both accelerated and the company maintains healthy product structure and revenue growth by improving quality of its services and competitive differentiation as well as further consolidating the end-to-end and diversified logistics services, it said.