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.
Six Months 2024 Highlights
- Revenue 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.
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, 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/.
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
