J&T's Parcel Volume Rises 31% in Q1; Shares Jump 3%

MT Newswires Live
10 Apr

J&T Global Express' (HKG:1519) total parcel volume increased 31% to about 6.60 billion in the first quarter from 5.03 billion in the year-ago period, according to a Thursday filing with the Hong Kong bourse.

The delivery company's average daily parcel volume jumped 33% to 73.3 million during the three-month period from 55.3 million a year earlier, the filing said.

Parcel volume from China rose 27% to 4.98 billion from 3.94 billion a year earlier, while parcel volume from Southeast Asia increased 50% to 1.54 billion from 1.03 billion in the year-ago period.

Shares in J&T jumped 3% during Thursday morning trading.

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