PS International Group Ltd. reported a significant decline in its financial performance for the fiscal year ending December 31, 2024. The company recorded sales of $87.2 million, representing a decrease of 37.7% compared to the previous year. Gross profit also saw a substantial reduction, falling by 72.3% to $3.5 million. The company transitioned from a net profit of $4.6 million in the prior year to a net loss of $4.8 million in 2024. In a recent business update, on March 26, 2025, one of the company's subsidiaries, PSIHK, entered into preliminary agreements for the acquisition of several office premises and parking spaces in Hong Kong, totaling approximately $5.5 million. Additionally, the company is currently assessing the impact of increased U.S. tariffs on Chinese imports, which rose to 145% as of April 10, 2025, on its operations for the ongoing fiscal year.
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