JTF INTL (09689) has released its interim results for the 2026 fiscal year, reporting a remarkable turnaround in profitability. The group recorded revenue of RMB 1.057 billion, representing a substantial increase of 168.97% year-on-year. During the period, the company posted a profit of RMB 37.5 million, a stark contrast to the loss of RMB 5.3 million recorded during the same period last year, with earnings per share reaching 4 cents.

According to the announcement, the profit for the period was primarily driven by higher gross profit and increased interest income from bank deposits. Additionally, the company benefited from the absence of any write-off related to advance payments made to the main contractor and construction-in-progress assets, following the suspension of the project to enhance the berthing capacity of the Zengcheng oil depot. These positive factors were partially offset by higher distribution and administrative expenses during the period.