SF Holding net profit up 112.5 pct in 2016

SF Express, founded in 1993 in Guangdong Province, is one of the largest private express logistics firms in China. [Photo: sina.com.cn]

Chinese delivery giant SF Holdings has posted a full-year profit increase of 112.5 percent through this past year.

In its first annual report, SF Holdings is reporting full-year income of nearly 4.2-billion yuan, or over 605-million U.S. dollars.

Full-year revenues increased by some 19-percent to more than 57 billion yuan.

SF Express went public this past month through a reverse merger.

The company, which has been operating out of Guangdong for over 23-years, is one of the leaders in the ever-growing delivery sector in China.

For more on this, CRI's Paul James spoke earlier with Einar Tangen, CRI financial analyst.