J-Long Group Limited Announces H1 2024 EPS $0.05 Vs $0.11 YoY; Revenue $14.6M Vs $22.4M YoY
Portfolio Pulse from Benzinga Newsdesk
J-Long Group Limited reported a significant decrease in H1 2024 earnings and revenue compared to the previous year. EPS dropped to $0.05 from $0.11, and revenue fell to $14.6M from $22.4M. The decline in revenue was primarily due to decreased sales in heat transfers, partially offset by increased sales in other products. Selling, general, and administrative expenses rose, while net income decreased to $1.4M from $3.4M. The company's liquidity and capital resources showed a cash position of $768,159, with total current assets of $17M and liabilities of $6.2M.
March 25, 2024 | 4:06 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
J-Long Group Limited reported a significant decrease in H1 2024 earnings and revenue, with EPS dropping to $0.05 from $0.11 and revenue falling to $14.6M from $22.4M. The company's net income also decreased to $1.4M from $3.4M.
The significant decrease in both earnings per share and revenue, along with the drop in net income, indicates a challenging half-year for J-Long Group Limited. This performance is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100