Caravelle International (HTCO) has released an update.
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Caravelle International Group has seen a significant reduction in total revenue for the six months ending April 30, 2024, with revenue dropping to $34.9 million from $49.5 million the previous year. Despite the decrease in revenue, the company achieved a positive income from operations of $143,648, compared to a substantial loss in the previous year. This marks a notable recovery in their operational performance, even as they navigate ongoing financial challenges.
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