Jinhui Shipping & Transportation (JNSTF) has released an update.
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Jinhui Shipping & Transportation reports a significant turnaround with a second quarter revenue of US$41 million, an 81% increase from the previous year, and a net profit of US$9 million compared to a loss last year. For the first half of 2024, revenue soared by 86% to US$69 million with a corresponding net profit of US$11 million, marking a strong recovery from a net loss in the same period of 2023. This performance is credited to the robust demand for dry bulk commodities, improved market freight rates, and a constrained supply of vessels.
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