Caravelle International Group Announces Financial Results for Fiscal Year 2023 [Yahoo! Finance]
Caravelle International Group (CACO)
Company Research
Source: Yahoo! Finance
Due to the overall environment of the shipping industry and increased operating costs post-listing, in the fiscal year 2023, Caravelle achieved revenue of approximately $95.3 million , a decrease of 48.6% from the approximately $185.3 million in the fiscal year 2022. The company reported a net loss of about $15.8 million , a significant change from the net income of approximately $23.6 million in the fiscal year 2022. Earnings per share were - , compared to in the fiscal year 2022. Mr. Hanxi Chang, CEO of Caravelle, stated, "Despite facing various challenges in 2023, we actively adjusted our business strategy according to client needs, further strengthening relationships with clients and shipowners. In July 2024 , we made some adjustments to our directors and officers, the new management has been actively evaluating our shipping carbon neutrality business model, engaging to explore innovative strategies to create long-term shareholder value while demonstrating our social responsibi
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CACO
Sec Filings
- 9/27/24 - Form SC
- 9/25/24 - Form 6-K
- 9/20/24 - Form 6-K
- CACO's page on the SEC website