J-Long Group Ltd. Reports Sharp Decline in Net Income to $783,660 for Fiscal Year Ending March 31, 2025, Compared to $2.6M Previous Year
J-Long Group Ltd. has released its financial results for the fiscal year ending March 31, 2025. The company reported a significant increase in revenues, reaching $39.075 million, up from $28.379 million in the previous fiscal year. This marks a substantial growth in sales for the company. Net income attributable to J-Long Group Ltd. also saw a notable rise, increasing to $2.593 million from $783,660 the previous year. The comprehensive income attributable to ordinary shareholders increased to $2.485 million from $784,074. The company achieved a gross profit of $11.257 million, an improvement from the $6.797 million reported in the prior fiscal year. Income from operations increased to $2.398 million, compared to $380,298 the previous year. Additionally, the company reported a decrease in foreign currency exchange gains, which amounted to $146,051, down from $503,101 in the previous fiscal year. Interest expenses were recorded at $126,196, slightly lower than the $145,951 reported the previous year. The report does not include specific guidance or outlook for the upcoming fiscal year.
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