J&T Global Express boosts parcel volume on Southeast Asian market growth

Courier firm J&T Global Express (1519) reported that its parcel volume reached 6.6 billion in the first quarter, up 31.2 percent year-on-year, driven by Southeast Asian market growth.

Its average daily parcel volume increased 32.6 percent to 73.3 million year-on-year.

Among market segments, the Southeast Asian market grew the most, reaching 1.54 billion in the first quarter, surging 50 percent year-on-year thanks to the company's Ramadan promotion, in line with the month-long period of fasting and celebration in the Islamic calendar that boosts consumer spending.

The company plans to focus on improving the efficiency of its express operations across various markets and strengthening infrastructure development.

J&T Global Express operates in 13 countries, including China and seven Southeast Asian nations, as well as new markets such as Saudi Arabia and Mexico.

The company swung to a net profit of US$101 million (HK$787.8 million) in 2024 from a net loss of more than US$1.1 billion the previous year.

DANNIE LI