JX Luxventure Group Inc. (Nasdaq: JXG) has announced its financial results for the fiscal year ending December 31, 2024, showcasing a significant increase in revenue and profitability. The company, operating in the wholesale trade sector with a focus on duty-free and cross-border consumer goods, reported a revenue of $49.84 million, marking a substantial year-over-year growth of 57% from $31.84 million in 2023. Gross profit for the year rose to $8.35 million, up by $2.90 million from the previous year's $5.46 million, reflecting a 53% increase. Net profit experienced a slight increase, reaching $3.07 million compared to $3.04 million in 2023, indicating a year-over-year growth of 1%. Ms. Sun "Ice" Lei, CEO of JX Luxventure, emphasized the success of the company's three-year turnaround strategy initiated in 2020, attributing the strong performance to operational excellence and strategic market expansion. The company plans to leverage its current momentum to further innovate and expand its global presence, focusing on long-term value creation for stakeholders while maintaining profitability in the dynamic wholesale trade and tourism sectors.