Business
JXJT First Half Year Financial Report 2024: Achieved 30% Revenue Surge and Strong Profit Growth
HAIKOU, China, Dec. 6, 2024 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the "Company"), a technology company engages in integrated tourism services,
About this update from Jx Luxventure Group Inc.
[{"type":"text","content":"HAIKOU, China, Dec. 6, 2024 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: JXJT) (the \"Company\"), a technology company engages in integrated tourism services, including tourism, duty-free cross-border goods, and comprehensive e-commerce technology solutions, today announced financial results for the six months ended June 30, 2024. \n\nSix Months 2024 Highlights\nRevenue Increase: The Company recorded a revenue of $28,183,431, representing a significant increase of $6,650,284 or 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, representing an increase of $507,218 or 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, an increase of $0.09 per share or 23% from $0.39 per share reported for the first half of 2023.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.\nOur 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.\"\nThe 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. \nAbout JX Luxventure Limited\nHeadquartered in Haikou, China, JX Luxventure Limited is a technology company engages in integrated tourism services, including tourism, duty-free cross-border goods, and comprehensive e-commerce technology solutions. To learn more about the Company, please visit its corporate website at https://www.jxluxventure.com/en/. \nSafe Harbor Statement\nThis press release may contain certain \"for...