eCargo Releases Full Year 2023 Financial Results
ASX LTD UNSP/ADR (ASXFY)
NASDAQ:AMEX Investor Relations:
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Company Research
Source: Business Wire
Delivering successful B2B strategy and record revenue growth SYDNEY--(BUSINESS WIRE)--eCargo Holdings Limited (ASX: ECG) (ECG, eCargo or the Group) today announced its financial results for the 12 months ended 31 December 2023 (FY23).FY23 Results Highlights: Year ended31 December 2023(HK$’000)Year ended31 December 2022(HK$’000)Increase(HK$’000)%ChangeRevenue188,201125,39962,80250%Gross Profit46,43140,4096,02215%EBITDA9,1578,0011,15614%Net Profit4,7414,716255%Achieved record revenue of HK$188.2 million, a 50% increase, driven by the success of eCargo’s B2B supply chain platform, FlowEarnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of HK$9.2 million, up 14%, reflecting improved efficiency in the business driven by proprietary supply chain technologyStatutory NPAT up 5% to HK$4.74 million (FY22: HK$4.72 million)Well-positioned to continue connecting in-demand brands with Chinese consumers, through a comprehensive omnichannel strategy, expansive distribution netwo
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