Infinity Logistics Reports Higher Mid-Year Profits

Infinity Logistics and Transport Ventures Limited (HK:1442) has released an update.

Infinity Logistics and Transport Ventures Limited reported an increase in revenue and profit for the first half of 2024, with unaudited profits rising to RM20,497,000 from RM16,628,000 in the previous year. Despite a notable rise in gross profit and revenue, the company experienced a total comprehensive income of RM18,104,000, a slight decrease from RM22,146,000 in the same period last year, affected by exchange losses. Earnings per share also grew from RM0.81 to RM0.93, indicating a positive trend for investors.

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