Jinhui's Oslo-listed Unit Swings to Profit in Q3 as Revenue Soars 127%

MT Newswires Live

2024-11-26

Jinhui Holdings (HKG:0137) said its Oslo-listed subsidiary, Jinhui Shipping and Transportation, reported a consolidated net profit of $7.6 million for the third quarter, rebounding from a consolidated net loss of $8.08 million a year earlier.

Earnings per share were $0.070, compared with a loss per share of $0.074 a year prior.

Quarterly revenue of Jinhui Shipping surged 127% to $45.6 million from $20 million in the year-ago period, according to a Tuesday filing with the Hong Kong bourse.

Price (HKD): $0.62, Change: $-0.030, Percent Change: -4.62%

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