Core Insights - Globavend Holdings Limited reported a significant growth of 24% in net income for the fiscal year 2024, reaching $1.34 million [6] - The company's revenue for the same period was $16.5 million, with a gross profit margin of 14.6% [6] - Earnings per share (EPS) increased by 13% year-over-year to $0.09 [6] Financial Highlights - Current assets increased from $4.02 million in 2023 to $5.46 million in 2024 [5] - Total assets grew from $4.47 million in 2023 to $7.96 million in 2024 [5] - Total shareholders' equity rose significantly from $502,176 in 2023 to $5.17 million in 2024 [9] Operational Overview - Globavend provides end-to-end logistics solutions primarily for enterprise customers in Hong Kong, Australia, and New Zealand [2] - The company facilitates business-to-consumer (B2C) transactions and offers integrated cross-border logistics services [2] - The operational services include parcel drop-off, consolidation, air-freight forwarding, customs clearance, and final delivery [2]
Globavend (Nasdaq: GVH) Reports FY2024 Net Income Growth of 24% Y/Y, Announces FY2024 Results