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High-Trend International Group ("the Company") (NASDAQ:HTCO), a global ocean technology company, has released its financial results for the six months ended April 30, 2025, showcasing its recent business expansion.
Key Financial Indicators
- Total revenue for the 2025 reporting period increased to $99.4 million compared to $34.9 million in the same period of 2024, representing a year-on-year increase of 185.2%.
- Ocean freight revenue for the 2025 reporting period increased to $99.0 million from $33.2million in the same period of 2024, a year-on-year increase of 198.1%.
- As of April 30, 2025, cash and cash equivalents reached $13.2 million, up 93.0% from the year ended October 31, 2024.
- Net cash flow from operating activities in the first half of 2025 reached $6.5 million, providing a solid foundation for further business expansion.
- Gross profit for the first half of 2025 increased by 63.1% year-on-year to $4.0 million, with the core business maintaining profitability.
Posted In: HTCO
