JINHUI HOLDINGS (00137) Reports Fiscal 2025 Results: Profit Attributable to Owners Plunges 50.79% to HK$29.14 Million
Stock News
Mar 18
JINHUI HOLDINGS (00137) has announced its financial results for the 2025 fiscal year. The Group reported revenue of HK$1.228 billion, representing a slight decrease of 0.89% compared to the previous year. Profit attributable to owners of the company was HK$29.139 million, a significant decline of 50.79% year-on-year. Earnings per share stood at HK$0.055.
According to the announcement, the minor drop in revenue was primarily due to the sale of eight older vessels. Furthermore, weaker conditions in the dry bulk market led to a 3.8% decrease in the average daily time charter rate earned by the Group's fleet, which fell to $14,200 (approximately HK$111,000).
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