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Stock impact report

J-Long Group Limited Announces First Half 2024 Unaudited Financial Results

J-Long Group Limited (JL) 
Company Research Source: GlobeNewswire
HONG KONG, March 25, 2024 (GLOBE NEWSWIRE) -- J-Long Group Limited (“JL” or the “Company”) (NASDAQ: JL), JL conducts its primary operations of apparel trims solution services in Hong Kong, today announced its unaudited financial results for the six months ended September 30, 2023. Overview: Revenue was approximately US$14.6 million for the six months ended September 30, 2023, representing a decrease of approximately 34.9% from the same period in 2022.Net income was approximately US$1.4 million for the six months ended September 30, 2023 (2022: approximately US$3.4 million). Six Month Financial Results Ended September 30, 2023 Revenue. Revenue decreased by approximately 34.9% from approximately US$22.4 million for the six months ended September 30, 2022, to approximately US$14.6 million for the six months ended September 30, 2023. During the six months ended September 30, 2023, revenue decreased mainly due to a decrease in the sales of heat transfers of approximately US$11.8 mill Show less Read more
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