PTL Limited Reports 2024 Financials: Revenue Declines to $98.1M, Operating Loss of $4.75M

Reuters

05-16

PTL Limited Reports 2024 Financials: Revenue Declines to $98.1M, Operating Loss of $4.75M

PTL Limited has released its financial results for the fiscal year ending December 31, 2024. The company reported actual revenue of $98.1 million, marking a decrease from the previous year's $102.1 million. Despite this drop in revenue, the gross profit rose to $2.4 million from $1.9 million in 2023, indicating a positive trend in profitability. However, the company experienced a net loss from operations amounting to $4.8 million, a significant downturn compared to a profit of $1.1 million in 2023. Interest income showed a notable increase, reaching $8,688 compared to $1,201 in the previous year. PTL Limited did not report any off-balance sheet arrangements or significant changes in its business operations. The company is not aware of any trends or uncertainties that could materially affect its financial condition in the foreseeable future.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PTL Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-044282), on May 15, 2025, and is solely responsible for the information contained therein.

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The company reported actual revenue of $98.1 million, marking a decrease from the previous year's $102.1 million. Despite this drop in revenue, the gross profit rose to $2.4 million from $1.9 million in 2023, indicating a positive trend in profitability. However, the company experienced a net loss from operations amounting to $4.8 million, a significant downturn compared to a profit of $1.1 million in 2023. Interest income showed a notable increase, reaching $8,688 compared to $1,201 in the previous year. PTL Limited did not report any off-balance sheet arrangements or significant changes in its business operations. The company is not aware of any trends or uncertainties that could materially affect its financial condition in the foreseeable future.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PTL Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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The company reported actual revenue of $98.1 million, marking a decrease from the previous year's $102.1 million. Despite this drop in revenue, the gross profit rose to $2.4 million from $1.9 million in 2023, indicating a positive trend in profitability. However, the company experienced a net loss from operations amounting to $4.8 million, a significant downturn compared to a profit of $1.1 million in 2023. Interest income showed a notable increase, reaching $8,688 compared to $1,201 in the previous year. PTL Limited did not report any off-balance sheet arrangements or significant changes in its business operations. The company is not aware of any trends or uncertainties that could materially affect its financial condition in the foreseeable future.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PTL Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-044282), on May 15, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250515:nNDL5qbC1C:1","article_id":"2535808736","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535808736","pubTimestamp":1747341456,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"PTL Limited has released its financial results for the fiscal year ending December 31, 2024. The company reported actual revenue of $98.1 million, marking a decrease from the previous year's $102.1 million. Despite this drop in revenue, the gross profit rose to $2.4 million from $1.9 million in 2023, indicating a positive trend in profitability. However, the company experienced a net loss from operations amounting to $4.8 million, a significant downturn compared to a profit of $1.1 million in 2023. Interest income showed a notable increase, reaching $8,688 compared to $1,201 in the previous year. PTL Limited did not report any off-balance sheet arrangements or significant changes in its business operations. The company is not aware of any trends or uncertainties that could materially affect its financial condition in the foreseeable future.","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate","earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"PTL Limited报告2024年财务状况：收入下降至9810万美元，运营亏损475万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PTLE":0.9},"content_text":"PTL Limited Reports 2024 Financials: Revenue Declines to $98.1M, Operating Loss of $4.75M\n    \n\n        PTL Limited has released its financial results for the fiscal year ending December 31, 2024. The company reported actual revenue of $98.1 million, marking a decrease from the previous year's $102.1 million. Despite this drop in revenue, the gross profit rose to $2.4 million from $1.9 million in 2023, indicating a positive trend in profitability. However, the company experienced a net loss from operations amounting to $4.8 million, a significant downturn compared to a profit of $1.1 million in 2023. Interest income showed a notable increase, reaching $8,688 compared to $1,201 in the previous year. PTL Limited did not report any off-balance sheet arrangements or significant changes in its business operations. The company is not aware of any trends or uncertainties that could materially affect its financial condition in the foreseeable future.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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