CJ Logistics announced on the 7th that its provisional operating profit for the third quarter of this year reached 147.9 billion won, marking a 4.4% increase compared to the same period last year.
During the same period, sales rose by 3.1% to 3.0666 trillion won.
By business segment, the parcel delivery (O-NE) division recorded sales of 965 billion won, up 7.4% year-on-year, while operating profit increased by 16.6% to 62.8 billion won. Since June, parcel volume has rebounded due to the recovery of consumer sentiment and the effect of the seven-day-a-week delivery service "Maeil One," alongside expanded sales from new businesses such as same-day and early-morning delivery and fulfillment services.
The contract logistics (CL) business achieved sales of 861.3 billion won and operating profit of 55.3 billion won, representing increases of 12.1% and 7.8%, respectively, compared to the same period last year. The company attributed this to the expansion of new orders in third-party logistics (3PL) and operational efficiency improvements driven by productivity innovation projects, which supported both top-line growth and profitability.
The global business segment posted sales of 1.033 trillion won, a 6% decrease year-on-year, with operating profit falling 29% to 20.1 billion won. This was due to the downturn in the forwarding market resulting from the deterioration of the global trade environment, including tariff hikes. However, the company expects performance to improve from the fourth quarter of this year, citing tariff stabilization, the expansion of cross-border e-commerce (CBE) operations, and growth in overseas contract logistics businesses as contributing factors.
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