PS International Group Ltd. Announces First Half 2024 Unaudited Financial Results
PS International Group Ltd. - Ordinary Shares (PSIG)
Company Research
Source: GlobeNewswire
HONG KONG, Dec. 12, 2024 (GLOBE NEWSWIRE) -- PS International Group Ltd.(NASDAQ: PSIG) (“PSIG” or the “Company”), a long-established global logistics service provider headquartered in Hong Kong specializes in cross-border air freight services, today announced its unaudited financial results for the six months ended June 30, 2024. The unaudited financial results presented in this announcement pertain to PSI Group Holdings Ltd and its subsidiaries, rather than PS International Group Ltd., as the business combination had not yet been completed until July 18, 2024. Financial Summary for the Six Months Ended June 30, 2024 (all results compared to the six months ended June 30, 2023, unless otherwise noted) Revenues were $39.4 million, a decrease of 41.3%.Gross profit were $1.2 million, a decrease of 84.2%.Net loss was $0.4 million, compared with net profit of $4.4 million. Key Components of Our Results of Operations The following table sets forth a summary of our consolidat
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