tiprankstipranks
Jinhui Shipping Reports Robust Q1 Growth in 2024
Company Announcements

Jinhui Shipping Reports Robust Q1 Growth in 2024

Jinhui Shipping & Transportation (JNSTF) has released an update.

Stay Ahead of the Market:

Jinhui Shipping & Transportation reported a strong first quarter in 2024 with a 93% revenue increase to US$27.9 million and a turnaround to a net profit of US$2.4 million, compared to a net loss in the same period last year. The positive performance was attributed to a robust dry bulk market, driven by high demand for commodities and geopolitical factors affecting shipping routes.

For further insights into JNSTF stock, check out TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App