STO Express' Express Logistics Revenue Jumps 25% in October

MT Newswires Live

2024/11/20

STO Express' (SHE:002468) express logistics revenue jumped 25% year on year to 4.43 billion yuan in October, according to a Shenzhen Stock Exchange disclosure on Wednesday.

The Chinese logistics services provider delivered 2.19 billion parcels, up 30% from a year earlier.

Revenue per courier service fell 3.8% year on year to 2.03 yuan, the filing added.

The company's shares slipped less than 2% in recent trade.

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