[photopress:logistics_1_2.jpg,full,alignright]The figures are simple and encouraging:
2007 revenues increased 51.8% to $85.9 million.
2007 net income increased 41.7% to $13.5 million.
Beijing Logistic, one of China’s largest third-party logistics providers, specializing in books and magazines, agricultural products and Chinese traditional medicine storage and shipping (a neat mix), announced operating results for year-end 2007 which showed it is doing very nicely.
The major contribution of this growth was the expansion of the books logistics business.
In 2007, revenues from books and magazines logistics management increased 66.8% from 2006, to approximately $51.9 million. No analyst would have forecast this. No book publisher would have expected it.
Ms. Zhang Yu, Chief Executive Officer of Beijing Logistic, said, ‘The growth was due to our continued focus on expanding warehouse service offerings as a third party logistics trustee company to the publishing Industry. We built new distribution centers in large cities to organize and manage inventory for many publishers, and as a result, we earned profit not just from book and magazine shipping, but also from the management service in the warehouse. We diversified services, and improved efficiency in order to satisfy the requirement of different clients, and the client base in the publishing business segment has increased.’
Ms. Zhang Yu said, ‘2007 was a notable year for Beijing Logistic, we were striving to become the largest book logistics company in China, the highest ranked third-party logistics company, and the most renowned logistics company.’
We do not know if the book illustrated is in the Beijing Logistic warehouse. It damn well should be.
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