ESR Cayman profit gains to US$245m

Business | 23 Mar 2020 3:28 pm

Logistics warehouses operator ESR Cayman (1821) said net profit grew by 20.8 percent year-on-year to US$245.2 million in 2019.

Revenue climbed by 40.6 percent to US$357.37 million from a year before.

The basic earnings per share were US$0.09.

The company said there has been minimal disruption caused by the new coronavirus to development and operating projects, with only two out of its 43 construction projects awaiting government permission to resume work, but also warns that it cannot rule out a bigger future adverse impact if there are major disruptions caused by a longer term global pandemic.

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