Lakeside Holding Reports Impressive 42% Revenue Growth for Fiscal Year 2024
Lakeside Holding Limited (LSH)
Company Research
Source: PR Newswire
Cross-Border Airfreight Solutions Surge by 117%, Driving Exceptional Financial PerformanceITASCA, Ill., Oct. 1, 2024 /PRNewswire/ -- Lakeside Holding Limited ("Lakeside" or the "Company") (Nasdaq: LSH), a U.S.-based integrated cross-border supply chain solution provider with a strategic focus on the Asian market operating under the brand American Bear Logistics ("ABL"), today reported financial results for the fiscal year ended June 30, 2024.Fiscal Year 2024 Highlights:Total revenues increased by 42.3% to $18.3 million, driven by a 117.6% rise in airfreight revenues to $10.4 million, partially offset by a 2.5% decrease in ocean freight revenues to $7.9 million.Cost of revenues increased by 41.6% to $14.6 million, primarily due to higher transportation costs, up 27.6% to $7.5 million; warehouse service charges, up 107.5% to $2.9 million; and custom declaration fees, up 50.2% to $2.4 million, as well as overhead costs also rose by 29.6%.Gross profit increased by 44.9% to $3.7 million, w
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LSH
News
- Lakeside Holding Enters Medical Logistics Sector with Acquisition of Hupan Pharmaceutical (Hubei) Co., Ltd.PR Newswire
- LAKESIDE HOLDING EXPANDS DALLAS-FORT WORTH OPERATIONS WITH NEW OFFICE AND WAREHOUSE LEASEPR Newswire
- LAKESIDE HOLDING LAUNCHES NEW PICK & PACK FULFILLMENT SERVICE ACROSS KEY U.S. HUBS FOR LONGSTANDING CHINA LOGISTICS PARTNERPR Newswire
LSH
Sec Filings
- 11/14/24 - Form 10-Q
- 11/8/24 - Form 8-K
- LSH's page on the SEC website