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Marvion Inc. Reports 150% Growth in Q3 2024 Year-to-Year Revenue, Announces New Warehouse Expansion

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Marvion Inc. (OTC: MVNC) reported strong Q3 2024 financial results, with revenue reaching $1,019,593 and gross profit of $502,341 for the first nine months of 2024, representing year-over-year increases of 150% and 123% respectively. The company successfully integrated United Warehouse and KSK Logistics, enhancing its one-stop logistics services. Additionally, Marvion announced the construction of a new 36,000-square-foot warehouse facility in Hong Kong, scheduled for completion in Q1 2025.

Marvion Inc. (OTC: MVNC) ha riportato risultati finanziari solidi per il terzo trimestre del 2024, con ricavi che hanno raggiunto $1.019.593 e un utile lordo di $502.341 nei primi nove mesi del 2024, registrando un aumento anno su anno del 150% e del 123% rispettivamente. L'azienda ha integrato con successo United Warehouse e KSK Logistics, migliorando i propri servizi logistici tutto compreso. Inoltre, Marvion ha annunciato la costruzione di un nuovo stabilimento di magazzino di 36.000 piedi quadrati a Hong Kong, previsto per il completamento nel primo trimestre del 2025.

Marvion Inc. (OTC: MVNC) reportó sólidos resultados financieros para el tercer trimestre de 2024, con ingresos alcanzando $1,019,593 y una ganancia bruta de $502,341 durante los primeros nueve meses de 2024, lo que representa aumentos interanuales del 150% y 123% respectivamente. La compañía integró con éxito United Warehouse y KSK Logistics, mejorando sus servicios logísticos integrales. Además, Marvion anunció la construcción de una nueva instalación de almacenamiento de 36,000 pies cuadrados en Hong Kong, programada para finalizar en el primer trimestre de 2025.

Marvion Inc. (OTC: MVNC)는 2024년 3분기 재무 결과가 좋았으며, 수익은 $1,019,593에 달하고, 2024년 첫 9개월 동안의 총 이익은 $502,341에 이르렀으며, 이는 각각 전년 대비 150%123% 증가한 수치입니다. 이 회사는 United Warehouse와 KSK Logistics를 성공적으로 통합하여 원스톱 물류 서비스를 강화했습니다. 또한, Marvion은 홍콩에 36,000평방피트 규모의 신규 창고 시설을 건설할 예정이며, 이는 2025년 1분기 완료될 예정입니다.

Marvion Inc. (OTC: MVNC) a annoncé de solides résultats financiers pour le troisième trimestre de 2024, avec un chiffre d'affaires atteignant $1.019.593 et un bénéfice brut de $502.341 pour les neuf premiers mois de 2024, représentant des augmentations d'année en année de 150% et 123% respectivement. L'entreprise a intégré avec succès United Warehouse et KSK Logistics, améliorant ainsi ses services logistiques tout-en-un. De plus, Marvion a annoncé la construction d'un nouvel entrepôt de 36.000 pieds carrés à Hong Kong, dont l'achèvement est prévu pour le premier trimestre de 2025.

Marvion Inc. (OTC: MVNC) berichtete über starke Finanzkennzahlen im 3. Quartal 2024, mit Einnahmen von $1.019.593 und einem Bruttogewinn von $502.341 in den ersten neun Monaten des Jahres 2024, was gegenüber dem Vorjahr einem Anstieg von 150% und 123% entspricht. Das Unternehmen hat United Warehouse und KSK Logistics erfolgreich integriert, was die umfassenden Logistikdienstleistungen verbessert. Darüber hinaus kündigte Marvion den Bau einer neuen Lagerhalle mit einer Fläche von 36.000 Quadratfuß in Hongkong an, die für das 1. Quartal 2025 geplant ist.

Positive
  • Revenue increased 150% year-over-year to $1,019,593
  • Gross profit grew 123% year-over-year to $502,341
  • New 36,000 sq ft warehouse facility under construction, expanding storage capacity
  • Successful integration of United Warehouse and KSK Logistics operations
Negative
  • None.

HONG KONG, Nov. 12, 2024 /PRNewswire/ -- Marvion Inc. (OTC: MVNC) is pleased to announce its strong financial results for the period ended September 30, 2024, showcasing robust growth and momentum. For the first nine months of 2024, the company achieved a revenue of $1,019,593 and a gross profit of $502,341, reflecting year-over-year increases of 150% and 123%, respectively, compared to the same period in 2023.

Mr. Chan Sze Yu, CEO of Marvion Inc., stated:
"Despite operating in a highly competitive logistics market, our strong performance is a testament to the resilience and agility of the Marvion team. By successfully integrating United Warehouse and KSK Logistics into a unified business unit, we have strengthened our one-stop logistics and warehousing services. This strategic consolidation has not only enhanced our operational efficiency but also unlocked new growth opportunities, allowing us to achieve significant revenue and profit gains."

Mr. Chan added:
"We are excited to announce that we are currently building our third warehouse facility in Hong Kong. This new, state-of-the-art warehouse will feature two floors, each with 18,000 square feet, totaling 36,000 square feet. The facility is expected to be completed in Q1 2025 and will significantly boost our storage capacity, aligning with our strategic growth plans."

Key Highlights

  1. Impressive Financial Growth: Marvion Inc. achieved a 150% year-over-year increase in revenue and a 123% increase in gross profit for the first nine months of 2024, demonstrating robust business growth.
  2. Strategic Business Integration: The successful consolidation of United Warehouse and KSK Logistics has optimized the company's service offerings, enhancing customer satisfaction and market competitiveness.
  3. Warehouse Expansion to Support Future Growth: Construction of a new warehouse facility is underway, with completion targeted for Q1 2025. This expansion will increase the company's storage capabilities, enabling it to better serve its clients and support future demand.
  4. Market Leadership and Expansion: Leveraging strategic partnerships and cutting-edge logistics technologies, Marvion is strengthening its position in Hong Kong and across the Asia-Pacific region.

About Marvion Inc.
Marvion Inc. (OTC: MVNC) is a leading logistics and warehousing solutions provider based in Hong Kong. The company specializes in offering one-stop transport and storage services to business clients, leveraging advanced digital technologies and efficient inventory management systems.

Company Website: www.unitedksk.com
Media Contact: ir@unitedksk.com

 

Cision View original content:https://www.prnewswire.com/news-releases/marvion-inc-reports-150-growth-in-q3-2024-year-to-year-revenue-announces-new-warehouse-expansion-302302582.html

SOURCE Marvion Inc.

FAQ

What was Marvion Inc.'s (MVNC) revenue growth in Q3 2024?

Marvion Inc. reported a 150% year-over-year revenue growth, reaching $1,019,593 for the first nine months of 2024.

When will Marvion Inc.'s (MVNC) new Hong Kong warehouse be completed?

Marvion Inc.'s new 36,000-square-foot warehouse facility in Hong Kong is expected to be completed in Q1 2025.

What was Marvion Inc.'s (MVNC) gross profit for the first nine months of 2024?

Marvion Inc. reported a gross profit of $502,341 for the first nine months of 2024, representing a 123% increase year-over-year.

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