Caravelle International (HTCO) has released an update.
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Caravelle International Group has announced the need to restate its financial statements for the period ending April 30, 2023 due to identified errors in revenue, costs, and expenses. The restatements reveal changes in ocean freight and vessel service revenues, as well as adjustments to cost of revenues and net income. This development is crucial for investors and market watchers as it may impact the company’s financial standing and stock performance.
For further insights into HTCO stock, check out TipRanks’ Stock Analysis page.
