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JTF INTL: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2024
JTF INTL (09689.HK) held a Board of Directors meeting on March 28 to discuss annual performance.
Gelonghui, March 18th丨JTF INTL (09689.HK) announced that the Board of Directors will hold a meeting on March 28, 2025, to consider the annual performance for the year ending December 31, 2024; and to announce the final dividend (if any).
JTF INTL: DATE OF BOARD MEETING
JTF International to Widen Loss in 2024; Shares Down 4%
JTF INTL (09689.HK) expects an annual loss of approximately 8 million to 10 million yuan.
On March 13, Gelonghui announced that JTF INTL (09689.HK) expects a loss attributable to shareholders of approximately RMB 8,000,000 to RMB 10,000,000 for the year ending December 31, 2024, compared to a loss of approximately RMB 1,509,000 in the previous year. The expected increase in losses for the year is mainly due to the anticipated shift of port trade (excluding service income) from gross profit to gross loss and a decrease in gross margin, primarily influenced by fluctuations in oil prices and a cautious market atmosphere for oil products during the year, leading the group to occasionally choose to sell below procurement costs.
Express News | JTF International - Expected Result Due to Expected Turnaround From Gross Profit to Gross Loss in FY
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