Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

NEWS

Lakeside Holding Reports Impressive 42% Revenue Growth for Fiscal Year 2024


Lakeside Holding reported impressive financial results for fiscal year 2024, with total revenues increasing by 42.3% to $18.3 million. This growth was primarily driven by a 117.6% surge in airfreight revenues to $10.4 million, partially offset by a 2.5% decrease in ocean freight revenues. The company's gross profit increased by 44.9% to $3.7 million, with the profit margin rising slightly to 20.3%.

Despite the revenue growth, Lakeside reported a net loss of $0.2 million for the year, compared to a net income of $1.0 million in the previous year. This was largely due to a 77.5% increase in general and administrative expenses to $4.1 million.
The company highlighted several operational achievements, including a successful IPO, new partnerships with e-commerce platforms, and expansion of its Dallas-Fort Worth operations. CEO Henry Liu expressed optimism about future growth opportunities based on these developments and the company's strong performance in cross-border airfreight solutions.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
1
+0
Translate
Report
3038 Views
Comment
Sign in to post a comment
    Spread kindness and love. Life is short. Don’t let greed eat you.
    2310Followers
    105Following
    24KVisitors
    Follow