CBL International Limited Announces 1H 2024 Interim Financial Results Highlighted by 44% Revenue Growth
CBL International Limited - Ordinary Shares (BANL)
Company Research
Source: GlobeNewswire
CBL INTERNATIONAL LIMITED(Incorporated in Cayman Islands with limited liabilities)(NASDAQ: BANL) KUALA LUMPUR, Malaysia, Sept. 12, 2024 (GLOBE NEWSWIRE) -- CBL International Limited (NASDAQ: BANL) (the “Company” or “CBL”), the listing vehicle of Banle Group (“Banle” or “the Group”), a leading marine fuel logistic company in the Asia-Pacific region, today announced its unaudited financial results for the six months ended June 30, 2024. Financial Highlights: Revenue: Consolidated revenue for 1H 2024 increased by 44.4% to approximately $277.23 million, compared to $191.96 million in the same period in 2023. This significant growth was driven by a 39.4% year-over-year increase in sales volume, attributed to the expansion of the Company's global supply network and higher marine fuel demand due to geopolitical factors.Gross Profit: Gross profit for the period was approximately $2.72 million, a decrease of 32.2% compared to $4.01 million for 1H 2023. This decline was primari
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BANL
News
- Banle Group Announces 2024 Interim Results at WebcastGlobeNewswire
- Banle Group Expands Global Port Coverage to Over 60 Ports, Solidifying Leadership in the Marine Fuel Bunkering IndustryGlobeNewswire
- CBL International Limited Announces $1.375 million Private Placement to Enhance Port Network and Alternative Energy DevelopmentGlobeNewswire
BANL
Sec Filings
- 10/24/24 - Form SC
- 10/15/24 - Form 424B3
- 10/15/24 - Form EFFECT
- BANL's page on the SEC website