JXJT First Half Year Financial Report 2024: Achieved 30% Revenue Surge and Strong Profit Growth
JX Luxventure (NASDAQ: JXJT) reported strong financial results for the first half of 2024. The company achieved a revenue of $28.18 million, marking a 30% increase from $21.53 million in the same period of 2023. Net profit grew by 21% to $2.90 million, compared to $2.39 million in H1 2023. Earnings per share rose 23% to $0.48 from $0.39.
The company, which provides integrated tourism services, duty-free cross-border goods, and e-commerce solutions, attributes these results to the successful implementation of its three-year turnaround strategy. Management expressed confidence in continued sustainable growth, citing diversified revenue streams and a robust balance sheet.
JX Luxventure (NASDAQ: JXJT) ha riportato risultati finanziari solidi per la prima metà del 2024. L'azienda ha raggiunto un fatturato di $28,18 milioni, segnando un aumento del 30% rispetto ai $21,53 milioni dello stesso periodo del 2023. Il profitto netto è cresciuto del 21% a $2,90 milioni, rispetto ai $2,39 milioni del primo semestre del 2023. Gli utili per azione sono aumentati del 23% a $0,48 rispetto a $0,39.
L'azienda, che fornisce servizi turistici integrati, beni duty-free transfrontalieri e soluzioni di e-commerce, attribuisce questi risultati all'implementazione efficace della sua strategia di recupero triennale. La direzione ha espresso fiducia nella crescita sostenibile continua, citando flussi di ricavi diversificati e un solido bilancio.
JX Luxventure (NASDAQ: JXJT) reportó resultados financieros sólidos para la primera mitad de 2024. La compañía alcanzó un ingreso de $28,18 millones, marcando un aumento del 30% desde $21,53 millones en el mismo período de 2023. La ganancia neta creció un 21% a $2,90 millones, en comparación con $2,39 millones en la primera mitad de 2023. Las ganancias por acción aumentaron un 23% a $0,48 desde $0,39.
La compañía, que proporciona servicios turísticos integrados, bienes libres de impuestos en la frontera y soluciones de comercio electrónico, atribuye estos resultados a la exitosa implementación de su estrategia de recuperación de tres años. La dirección expresó confianza en un crecimiento sostenible continuo, citando flujos de ingresos diversificados y un sólido balance general.
JX Luxventure (NASDAQ: JXJT)는 2024년 상반기 강력한 재무 실적을 보고했습니다. 이 회사는 2818만 달러의 수익을 달성하여 2023년 같은 기간에 비해 30% 증가했습니다. 순이익은 21% 성장하여 290만 달러에 이르렀으며, 2023년 상반기의 239만 달러와 비교됩니다. 주당순이익은 23% 증가하여 0.48달러에서 0.39달러로 늘어났습니다.
통합 관광 서비스, 면세 해외 상품, 전자상거래 솔루션을 제공하는 이 회사는 3년 회복 전략의 성공적인 구현에 이러한 결과를 귀속시킵니다. 경영진은 지속 가능한 성장을 확신하며, 다양한 수익원을 지적하고 강력한 재무상태를 언급했습니다.
JX Luxventure (NASDAQ: JXJT) a rapporté des résultats financiers solides pour le premier semestre 2024. La société a réalisé un chiffre d'affaires de 28,18 millions de dollars, enregistrant une augmentation de 30 % par rapport à 21,53 millions de dollars durant la même période de 2023. Le bénéfice net a augmenté de 21 % pour atteindre 2,90 millions de dollars, contre 2,39 millions de dollars au premier semestre 2023. Le bénéfice par action a progressé de 23 % pour atteindre 0,48 dollar contre 0,39 dollar.
La société, qui fournit des services touristiques intégrés, des biens en franchise de droits de douane et des solutions de commerce électronique, attribue ces résultats à la mise en œuvre réussie de sa stratégie de redressement sur trois ans. La direction a exprimé sa confiance dans une croissance durable continue, citant des sources de revenus diversifiées et un bilan solide.
JX Luxventure (NASDAQ: JXJT) hat starke finanzielle Ergebnisse für das erste Halbjahr 2024 gemeldet. Das Unternehmen erzielte einen Umsatz von 28,18 Millionen Dollar, was einem Anstieg von 30 % gegenüber 21,53 Millionen Dollar im selben Zeitraum 2023 entspricht. Der Nettogewinn stieg um 21 % auf 2,90 Millionen Dollar, verglichen mit 2,39 Millionen Dollar im ersten Halbjahr 2023. Der Gewinn pro Aktie erhöhte sich um 23 % auf 0,48 Dollar von 0,39 Dollar.
Das Unternehmen, das integrierte Tourismusdienstleistungen, zollfreie grenzüberschreitende Waren und E-Commerce-Lösungen anbietet, führt diese Ergebnisse auf die erfolgreiche Umsetzung seiner dreijährigen Umstrukturierungsstrategie zurück. Das Management äußerte Vertrauen in ein anhaltendes nachhaltiges Wachstum und nannte diversifizierte Einnahmequellen sowie eine solide Bilanz.
- Revenue increased 30% year-over-year to $28.18 million
- Net profit grew 21% to $2.90 million
- Earnings per share increased 23% to $0.48
- Successfully completed three-year turnaround strategy
- None.
Insights
Six Months 2024 Highlights
- Revenue Increase: The Company recorded a revenue of
$28,183,431 $6,650,284 30% compared to the same period in 2023 when it reported a revenue of$21,533,147 - Continuing Profitable Operation: The Company recorded a net profit of
$2,896,618 $507,218 21% compared to the same period in 2023 when it reported a net profit of$2,389,400 - Earnings Per Share Soaring: Earnings per share for the first half of 2024 were
$0.48 $0.09 23% from$0.39
Ms. Sun "Ice" Lei, Chief Executive Officer of the Company commented: "We are thrilled with our achievements in the first half of 2024, marking a major milestone in the success of our three-year turnaround strategy. This is the first operational year following the Company's three-year transformation plan. The solid foundation laid over the past three years has enabled us to achieve remarkable growth in revenue, profit, and earnings per share. I am proud of our team and their efforts. I believe this is just the beginning.
Our diversified revenue streams, robust balance sheet, and strategic growth initiatives allow us to consistently create value for our shareholders. I am confident that JX Luxventure is well-prepared for long-term sustainable growth."
The Company today filed its six months result report on Form 6-K for the six months ended June 30, 2024 (the "June 2024 Report") with the SEC. The June 2024 Report can be accessed on the SEC's website at http://www.sec.gov.
About JX Luxventure Limited
Headquartered in Haikou,
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of JX Luxventure Limited, and its subsidiary companies. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements due to a variety of factors, including those discussed in the Company's periodic reports filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
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SOURCE JX Luxventure Limited
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