Infinity Logistics Reports Strong Revenue and Profit Growth for 2024

The latest announcement is out from Infinity Logistics and Transport Ventures Limited ( (HK:1442) ).

Infinity Logistics and Transport Ventures Limited announced its audited consolidated results for the year ended December 31, 2024, showing a significant increase in revenue and profit compared to the previous year. The company’s revenue rose to RM475.8 million from RM371.1 million, while profit for the year increased to RM31.6 million from RM18.4 million, indicating strong operational performance and improved financial health. Despite the positive profit growth, the company faced a comprehensive income loss due to unfavorable exchange differences, which may impact its financial outlook and stakeholder sentiment.

More about Infinity Logistics and Transport Ventures Limited

Infinity Logistics and Transport Ventures Limited is a company incorporated in the Cayman Islands, operating in the logistics and transport industry. It focuses on providing logistics services and transport solutions, with a market presence indicated by its listing on the Hong Kong Stock Exchange.

YTD Price Performance: 31.67%

Average Trading Volume: 332,424

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$774M

See more insights into 1442 stock on TipRanks’ Stock Analysis page.