J&T profits soar on e-commerce parcels surge

J&T Global Express has announced strong results, with the Indonesia-based logistics company’s revenue reaching $10.26 billion for the year, and its parcel volumes up more than 30%.

J&T said its 2024 annual results saw a net profit of $110 million, a significant improvement compared to the $1.16 billion loss in 2023. At the same time, total parcel volume for 2024 increased by 31% year-over-year (YoY) to 24.6 billion, while full-year revenue was up 15.9%. Revenue from its core business express delivery services was $9.9 billion, a YoY increase of 23.4%.

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