CJ Logistics to accelerate overseas expansion in second half

  • CJ Logistics will invest in the United States and India to accelerate overseas expansion.
  • CJ Logistics reported revenue of 3.38 trillion won and operating profit of 101.6 billion won.
  • CEO Shin Young-soo outlined the second-half strategy at a Seoul town hall meeting.

CJ Logistics will accelerate overseas expansion in the second half while shifting its focus from revenue growth to profitability. CEO Shin Young-soo reviewed first-half results and outlined the strategy at a town hall meeting held on the 27th at the company’s Seoul headquarters, which CJ Logistics said on the 30th. Parcel delivery volumes and fulfillment revenue grew by double digits in the first half, while productivity and cost competitiveness also improved. Second-quarter revenue rose 10.9% from a year earlier to 3.38 trillion won ($2.5 billion), but operating profit fell 11.9% to 101.6 billion won. The company plans to invest in strategic markets including the United States and India and strengthen competitiveness across the logistics chain.

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