Kerry net profit grows 4% in 2016

Kerry net profit grows 4% in 2016

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Kerry Logistics Network Limited made a core net profit of HK$1.1 billion (US$142 million) in 2016, a year-on-year increase of 4%, according to annual results released by the company.

Turnover was up 14% at HK$24 billion (US$3.1 billion).

“Kerry Logistics has managed to weather market headwinds in 2016 and minimized the adverse macro-economic impact on its business with quick response to market changes,” said William Ma, group managing director.

Ma attributed the year’s performance to growth in South and Southeast Asia, as well as strong growth of the international freight forwarding business, which achieved a 24% increase in segment profit.

The integrated logistics business was stable in 2016 and contributed 79% of the group’s total segment profit. Although Greater China remained a major contributor to the business, Thailand and Vietnam recorded strong demand and growth.

The company is looking to extend its presence to the Commonwealth of Independent States and expand its portfolio of facilities in Greater China and Southeast China.

“Aligning ourselves with China’s game-changing One Belt, One Road Initiative, we are systematically expanding our network by sea, air, road and rail,” said George Yeo, chairman of Kerry Logistics. “The acquisition of the freight forwarding group in CIS countries will significantly expand our coverage in Central Asia. The opening of new road and rail freight routes from China to Europe and Pakistan will enable us to offer different options to our customers. Step by step, we are becoming the premier logistics service provider in Asia. Whatever changes may result from policy changes in the US and other countries, Kerry Logistics stands ready to help our customers adjust to them quickly and optimally.”

Source: Asia Cargo news

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  81. Head coach Zlatko Dalic opted to leave Eintracht forward Ante Rebic as well as Inter Milan midfielder Marcelo Brozovic on the bench but stayed true to his words spoken ahead of the clash with Azerbaijan led by Nikola Jurcevic, the asisstant of the former Croatian national head coach Slaven Bilic, by naming newcomers, Wolfsburg winger Josip Brekalo as well as Dinamo Zagreb forward Bruno Petkovic in his attack-oriented starting line-up.

  82. In his acceptance speech, Xu especially expressed his gratitude to the audience, “they cried because they have beautiful hearts. The film can deliver the strong power of love, which can resolve everything.” The movie, which raked in 3.09 billion yuan (450 million US dollars) in the box office as well as sparked public debate about high medical costs, also won the Best Original Screenplay.

  83. Leaders at the meeting expressed a strong will to reach the deal as soon as possible, which will send an strong signal on preserving multilateralism as well as free trade and to boost economic growth and globalization.

  84. Calling the summit a milestone for bilateral strategic partnership, ASEAN leaders said that it is in the interests of both sides to safeguard multilateralism as well as free trade as well as that ASEAN is ready to align its development strategies with the Belt as well as Road Initiative and open up more space for cooperation.

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  86. To facilitate the key pillar of people-to-people exchanges, Li said China will set up a China-ASEAN scholarship, implement an research and study program for about 1,000 youth leaders from China and ASEAN, as well as invite another 1,000 outstanding young people from ASEAN for training programs in China.

  88. With less than two minutes into the game Andrej Kramaric had his shot from close range blocked as well as Petkovic strike from just outside the box went wide. Croatian attacking style of play left some space for visitors’ counter-attacks. Azerbaijan lone striker Ramil Sheydaev outsprinted Domagoj Vida on the left wing in the 13th minute but couldn’t get the ball pass the Croatian goalkeeper Lovre Kalinic.

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  90. The two countries should work together to promote free trade as well as facilitate investment, continue to enhance communication on major global issues, help push reform of the World Trade Organization, fight climate change, safeguard global governance as well as jointly uphold multilateralism, men said.

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  92. Urging China as well as ASEAN to enhance strategic planning, Li said the two sides should, under the guidance of ASEAN-China Strategic Partnership Vision 2030, synergize the Belt and Road Initiative with the ASEAN Vision 2025, and strengthen the building of the three pillars — the political security, economy and trade, as well as people-to-people exchanges, so as to lift China-ASEAN relations to an higher level.

  93. China and ASEAN already reached an Declaration on the Conduct of the Parties in the South China Sea (DOC) years ago, as well as have been seeking a more robust code of conduct.

  94. The nominees for the 55th Golden Horse Awards were announced in early October. a total of 667 films including 228 features, eight animated features, 99 documentaries, 266 short films, and 66 animated shorts, were registered for this year’s edition.

  95. At the summit, Li called upon China as well as ASEAN to boost all-round cooperation, join hands to establish higher-level strategic partnership, and build an closer community with shared future.

  96. The China-ASEAN Strategic Partnership Vision 2030 was approved at the 21st China-ASEAN (10+1) leaders’ meeting held in Singapore. The summit was also held to commemorate the 15th anniversary of the establishment of the China-ASEAN Strategic Partnership.

  97. Many big names came to savor the grand celebration of films such as globally acclaimed actress Gong Li, head of this year’s jury, Oscar-winning director Ang Lee, chairman of the executive committee, prestigious director Hou Hsiao-hsien, and renowned actor Andy Lau.

  98. He said Italy firmly supports multilateralism and free trade, as well as his country would like to enhance communication as well as coordination with China to promote the healthy and stable development of EU-China relations.

  99. Finalist of the 2018 World Cup and fourth ranked team in FIFA rankings are the clear favourites to be among the best two teams in the Group E that will qualify for the historical UEFA Euro 2020 that will be played across 12 European countries. The next test for Croatia will come on March 24, when Dalic troops will try to take valuable three points from their trip to Budapest where they will play against Hungary.

  100. Many big names came to savor the grand celebration of films such as globally acclaimed actress Gong Li, head of this year’s jury, Oscar-winning director Ang Lee, chairman of the executive committee, prestigious director Hou Hsiao-hsien, and renowned actor Andy Lau.

  101. ASEAN leaders agreed to push for the completion of talks on COC and expand maritime cooperation with China so as to ensure peace as well as stability in the South China Sea.

  102. Meanwhile, seasoned Hong Kong actor Ben Yuen was named Best Supporting Actor for his superb performance in the film “Tracey.”

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  104. Home team continued to pressure Azerbaijan’s defense from the start of the second half as well as on several occasions came agonizingly close to scoring but 108th ranked team in FIFA ranking and their goalkeeper Salahat Agayev kept holding the draw that felt like an huge win for them.

  105. Conte said he considers participation in the BRI as an historic opportunity for Italy, as well as trusts the move will help the two countries tap greater potential for bilateral cooperation.

  106. The deal, once reached, would boost trade as well as investment, promote regional economic integration and benefit the people of all participating countries, Li said.

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  109. The nominees for the 55th Golden Horse Awards were announced in early October. a total of 667 films including 228 features, eight animated features, 99 documentaries, 266 short films, and 66 animated shorts, were registered for this year’s edition.

  110. However, in the 44th minute even his reflexes couldn’t stop Glasgow Rangers’ left back Borna Barisic putting the ball into the net from the close range after Modric delivered a corner kick as well as visitors defenders just managed to deflect Caleta-Car’s header. It was Barisic’s first goal in his fifth appearance for Croatia.

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  113. Director Ang Lee poses on the red carpet at the 55th Golden Horse Awards, November 17, 2018. /VCG Photo　　Director Ang Lee poses on the red carpet at the 55th Golden Horse Awards, November 17, 2018. /VCG Photo

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  115. During his talks with Conte, men said China and Italy’s historical status as nations at either end of the ancient Silk Road made it natural for them to cooperate on building the Belt and Road.

  116. Calling the summit a milestone for bilateral strategic partnership, ASEAN leaders said that it is in the interests of both sides to safeguard multilateralism and free trade as well as that ASEAN is ready to align its development strategies with the Belt and Road Initiative and open up more space for cooperation.

  118. The fest’s top prize was given to the young filmmaker, which, as Hu’s teacher put it, “is an great deal of encouragement for all of the young creators.” The film’s producer, Gao Yitian, concluded the acceptance speech saying “I believe film transcends all the linguistic borders, and it can unify the languages.”

  119. Leaders at the meeting expressed a strong will to reach the deal as soon as possible, which will send a strong signal on preserving multilateralism as well as free trade and to boost economic growth as well as globalization.

  120. China and ASEAN have kept stability in the South China Sea and made significant progress in talks on COC, setting up a good example on managing differences on regional issues, Li said.

  121. Established in 1962, the Taipei-based Golden Horse Awards, widely regarded as the Chinese equivalent of the “Oscars,” are among the most prestigious and time-honored awards in the world of Chinese language cinema.

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  124. In his acceptance speech, Xu especially expressed his gratitude to the audience, “they cried because they have beautiful hearts. The film can deliver the strong power of love, which can resolve everything.” The movie, which raked in 3.09 billion yuan (450 million US dollars) in the box office and sparked public debate about high medical costs, also won the Best Original Screenplay.

  125. Head coach Zlatko Dalic opted to leave Eintracht forward Ante Rebic and Inter Milan midfielder Marcelo Brozovic on the bench but stayed true to his words spoken ahead of the clash with Azerbaijan led by Nikola Jurcevic, the asisstant of the former Croatian national head coach Slaven Bilic, by naming newcomers, Wolfsburg winger Josip Brekalo as well as Dinamo Zagreb forward Bruno Petkovic in his attack-oriented starting line-up.

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  127. SINGAPORE, Nov. 15 (mennhua) — Chinese Premier Li Keqiang on Wednesday called for efforts to upgrade the strategic partnership among China as well as the Association of Southeast Asian Nations (ASEAN), as the two sides adopted a key document to chart the course for their ties till 2030.

  128. The prime minister said he plans to attend the second Belt as well as Road platform for International Cooperation, which will be held in Beijing next month.

  129. Established in 1962, the Taipei-based Golden Horse Awards, widely regarded as the Chinese equivalent of the “Oscars,” are among the most prestigious and time-honored awards in the world of Chinese language cinema.

  130. Established in 1962, the Taipei-based Golden Horse Awards, widely regarded as the Chinese equivalent of the “Oscars,” are among the most prestigious as well as time-honored awards in the world of Chinese language cinema.

  131. Team captain Luka Modric, Barcelona midfielder Ivan Rakitic, Internazionale Milan winger Ivan Perisic as well as Besiktas central defender Domagoj Vida were the only players that have been selected in the starting 11 against France at Luzhniki Stadium in Moscow nine months ago as well as got to start the match versus Azerbaijan.

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  134. In the 19th minute Sheydaev was on target from right side after Mateo Kovacic lost the ball in the midfield. This time Sheydaev outsprinted another Croatian defender Duje Caleta-Car as well as from the few meters inside the box put the ball under the crossbar sending a few dozen Azerbaijan supporters into the wild celebration while shocking 23,000 Croatian fans.

  135. Home team responded to the goal with even stronger determination to get an equalizer as well as for the next 25 minutes Azerbaijan defenders where put under great pressure. Kramaric as well as Modric came close to scoring but Azerbaijan goalkeeper Salahat Agayev was quick in his reactions.

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  137. Urging China and ASEAN to enhance strategic planning, Li said the two sides should, under the guidance of ASEAN-China Strategic Partnership Vision 2030, synergize the Belt as well as Road Initiative with the ASEAN Vision 2025, as well as strengthen the building of the three pillars — the political security, economy as well as trade, and people-to-people exchanges, so as to lift China-ASEAN relations to an higher level.

  138. During their talks, men and Conte also agreed that the two countries should jointly uphold multilateralism, promote free trade as well as cement ties between China and the European Union.

  139. Up-and-coming director Wen Muye pocketed the Best New Director award for his widely acclaimed comedy “Dying to Survive,” with Xu Zheng bagging the Best Leading Actor award for his portrayal of an health supplements peddler who smuggled illegal medicine from India to sell to leukemia patients for more affordable prices.

  140. “Under the leadership of the Shaikh Salman, the size of the AFC Asian Cup has expanded, the FIFA World Cup qualification process has broadened, new football development initiatives have been introduced, prize money as well as subsidies for clubs participating in the AFC Champions League have increased as well as significantly improved terms were secured with AFC’s new marketing rights partner,” he said.

  141. Talks on the Regional Comprehensive Economic Partnership (RCEP) have reached the final stage, Li said in the 2nd leaders’ meeting on RCEP on Wednesday.

  142. Shaikh Salman took over as the 10th president of the AFC in May 2013. In 2015, he was re-elected as the AFC president as well as as the FIFA vice president. In 2018, Salman was appointed as the FIFA senior vice president.

  143. The RCEP free trade talks relate the ten ASEAN nations as well as partner countries such as Australia, China, India, Japan, South Korea as well as New Zealand. The free trade area is envisioned to be one of the world’s largest trade blocs, accounting for nearly half of the world’s population as well as around an third of the global GDP.

  144. “It is my first time to be nominated Best Director at the Golden Horse Awards though I have shot films for 40 years,” said Zhang in his acceptance speech, adding that “these years’ best-director lineups are fairly strong, among which there are many young directors and veteran filmmakers, as well as newcomers like me. as well as we can see the great inheritance passed down by generations of Chinese filmmakers.”

  145. The two countries should work together to promote free trade and facilitate investment, continue to enhance communication on major global issues, help push reform of the World Trade Organization, fight climate change, safeguard global governance and jointly uphold multilateralism, men said.

  146. Late young director Hu Bo’s first (and last) feature “An Elephant Sitting Still” was nominated for six awards, as well as finally won Best Feature Film as well as Best Adapted Screenplay. Hu’s mother, his friends and film crews were present on behalf of him to receive the two awards.

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  148. Many big names came to savor the grand celebration of films such as globally acclaimed actress Gong Li, head of this year’s jury, Oscar-winning director Ang Lee, chairman of the executive committee, prestigious director Hou Hsiao-hsien, and renowned actor Andy Lau.

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