Business · Companies · 8 hrs ago
CJ Logistics Q3 operating profit falls 25.3% as revenue rises
South Korean logistics company CJ Logistics reported a 25.3% fall in third-quarter operating profit to 110.5 billion won compared with a year earlier.
Revenue rose 9.5% to 3.36 trillion won, while net profit fell 25.5% to 54.7 billion won.
The Chuseok holiday fell in the third quarter this year, reducing working days, and the company spent more on hub terminal operations.
Parcel delivery operating profit fell 39.5%, even as parcel volumes grew 4.6%.
Higher investment and fewer working days cut earnings despite increased sales.
Contract logistics revenue grew, but profit declined as fuel and other costs rose; global revenue also increased while profit fell amid investment and outside cost pressures.
CJ Logistics plans to expand new contracts and improve efficiency using AI and automation, while focusing on volume growth and profitability in the United States, India and Vietnam.
CJ Logistics reported third-quarter operating profit of 110.5 billion won, down 25.3% from a year earlier.
Revenue rose 9.5% to 3.3581 trillion won.
The company said fewer operating days and higher investment costs, including at hub terminals, reduced operating profit.
Net profit fell 25.5% to 54.7 billion won.
- Who
- CJ Logistics.
- What
- Third-quarter operating profit fell 25.3% year on year, while revenue increased 9.5%.
- When
- The third quarter of 2026; the results were announced on November 10, 2026.
- Where
- Not stated
- Why
- Fewer operating days because the Chuseok holiday fell in the third quarter, along with higher investment costs, reduced operating profit.
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- Operating profit
- 110.5 billion won, down 25.3% year on year
- Revenue
- 3.3581 trillion won, up 9.5% year on year
- Net profit
- 54.7 billion won, down 25.5% year on year
- Parcel business operating profit
- 38 billion won, down 39.5% year on year
- Contract logistics revenue
- 933 billion won, up 8.3% year on year
- Global business revenue
- 1.1679 trillion won, up 13.1% year on year
What people are saying
Revenue increased year on year due to the effects of new contracts across all business segments, but operating profit decreased as we pursued logistics service upgrades and because of the difference in the timing of the Chuseok holiday.