Property News · March 23, 2020

Hong Kong-listed ESR Cayman posts revenue rise, says e-commerce logistics property to grow thanks to pandemic


E-commerce will continue to grow in the Asia-Pacific region, accelerated by the Covid-19 outbreak, Hong Kong-listed logistics warehouses and industrial real-estate operator ESR Cayman said on Monday.In its year-end earnings web conference, the company also reported a 40.6 per cent rise in revenue for 2019 to US$357 million. Its net profit climbed 20.8 per cent to US$245 million.Jeffrey Perlman, ESR’s chairman, said that Asia-Pacific logistics remained the largest property investment opportunity…

Source : South China Morning Post
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