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JX Luxventure Limited Announced Financial Results for the Fiscal Year Ended December 31, 2023, achieving Profitability for the Full Year.
HAIKOU, China, May 15, 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 fiscal year ended December 31, 2023.
Financial Highlights for the full year ended December 31, 2023:
Significant Profit Reversal: The Company recorded a net profit of $3,043,779, representing a significant improvement compared to 2022 when it reported a loss of $55,383,281 for continuing operations. This marks a substantial year-over-year increase of $58,427,060 net profit.
Increase in Net Profit Margin: The net profit margin for 2023 was 10%, a remarkable advancement from the zero net profit margin in 2022.
Earnings Per Share Soaring: Our basic earnings per share for 2023 were $0.50, a substantial rise from the loss of $43.70 per share in 2022. This marks a notable year-over-year increase of $44.20 per share.
Ms. Sun "Ice" Lei, Chief Executive Officer of the Company commented: "2023 has been a year of efficiency for our company. ...