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Stock impact report

Jerash Holdings Reports Fiscal 2024 Third Quarter Financial Results [Yahoo! Finance]

Jerash Holdings (US), Inc. (JRSH) 
Last jerash holdings (us), inc. earnings: 2/13 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
custom, ready-made, sportswear and outerwear for leading global brands, today announced financial results for its fiscal year 2024 third quarter, ended December 31, 2023. Impact of Middle East Situation The ongoing turmoil in the Middle East, including the attacks on ships in the Red Sea, is causing supply chain disruptions throughout the region and affecting many companies, including Jerash. Shipments of raw materials to the Company have been delayed, which, in turn, had a transitory effect on operations and financial performance. While the extent of the impact on the region remains uncertain, the Company's operations in Jordan are fully active, and exports from Jordan at both the Aqaba and Haifa ports are open following a temporary shutdown at Haifa. Starting in December 2023, Jerash has been able to adopt an alternative route through the Port of Jebel Ali in United Arab Emirates for raw material import. The Company is in close communication with its customers and has put cont Show less Read more
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