Chinese express delivery giant YTO Express increased profit by 12.5%
One of the leading express delivery companies of YTO Express Group reported steady profit growth for the first half of the year amid the continued growth of the courier services market, Xinhua News Agency reported. Net profit of the company's shareholders reached 971 million yuan (about $141 million) in the first quarter of the year, which is 12.55% higher year-on-year, according to the company's semi-annual report. The operating income of the express delivery giant grew by 4.5% year-on-year to 14.58 billion yuan over the indicated period. The company also reported on the steady expansion of business in the first six months of the year, and taking a larger share in the courier services sector. In total, about 4.94 billion parcels were delivered in the first six months of 2020 by the company, which is 29.79% more annually.
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