Courier giant SF Holding reports 40% revenue growth in Q1

SHENZHEN -- China's express delivery giant SF Holding reported revenue growth but net profit decline in the first quarter of 2020 amid the COVID-19 epidemic.

SF Holding announced in its first-quarter earnings report that its revenue grew 39.59 percent year-on-year to 33.54 billion yuan (about $4.74 billion) in the January-March period.

Its first-quarter net profit, however, fell 28.16 percent year-on-year to 907 million yuan, said SF Holding, a leader in the middle and high-end courier service market.