Intercont (Cayman) Ltd. Reports 8% Revenue Increase and 43% Net Income Decline for First Half 2025

Reuters
07-16
Intercont (Cayman) Ltd. Reports 8% Revenue Increase and 43% Net Income Decline for First Half 2025

Intercont (Cayman) Ltd. has reported its unaudited financial results for the first half of fiscal 2025, covering the six months ended December 31, 2024. The company's total revenues saw an 8% increase, reaching approximately $13.4 million, compared to $12.4 million in the same period of 2023. This growth was primarily attributed to higher charter days, with reduced operational downtime compared to the previous period, which had been affected by dry-docking and major repairs. The gross profit for the period increased by 14%, amounting to approximately $3.8 million, up from $3.4 million in the same timeframe of the prior year. Despite these improvements, net income fell by 43% to approximately $0.9 million, down from $1.6 million in the same period of 2023. As of December 31, 2024, Intercont (Cayman) Ltd. reported $4.9 million in cash and cash equivalents, a rise from $3.8 million as of June 30, 2024. A significant development for the company was the completion of its IPO on March 28, 2025, which generated total gross proceeds of $10.5 million, with net proceeds of $9,495,024 received after deducting underwriting discounts and other offering expenses.

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. Intercont (Cayman) Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9495010-en) on July 15, 2025, and is solely responsible for the information contained therein.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10