Jinhui Shipping and Transportation Ltd (OTCPK:JNSTF)

Q3 2024 Jinhui Shipping and Transportation Ltd Earnings Call Transcript

Nov 26, 2024 / 08:00 AM GMT

Release Date Price: $0.825

Transcript

Key Points

Positve

Jinhui Shipping and Transportation Ltd (FRA:J4O) reported a significant increase in chartering revenue, doubling from USD20 million in Q3 2023 to USD46 million in Q3 2024.
The average time charter equivalent for the fleet increased by 74% year-over-year, indicating improved operational efficiency.
The company successfully acquired two vessels, enhancing its fleet capacity and modernizing its operations.
Jinhui Shipping and Transportation Ltd (FRA:J4O) maintained a low gearing ratio of 12%, reflecting strong financial stability.
The company achieved a net profit of USD8 million for Q3 2024, contributing to a total of USD19 million for the first nine months of 2024.

Negative

Shipping-related expenses increased to USD24.1 million, driven by higher hire payments and costs associated with newly delivered vessels.
The daily running costs of owned vessels rose slightly, impacting overall operational expenses.
The market outlook is expected to be muted and quiet in the coming months, potentially affecting future revenue growth.
There is ongoing uncertainty and volatility in the global shipping market, which could impact future performance.
No current plans for share buybacks or dividends, which may disappoint shareholders looking for immediate returns.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

JINJ.OL - Jinhui Shipping and Transportation Ltd
Q3 2024 Jinhui Shipping and Transportation Ltd Earnings Call
Nov 26, 2024 / 08:00AM GMT

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Presentation
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Unidentified Company Representative [1]
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Good morning and good afternoon to all of you, ladies and gentlemen. Thank you for joining Jinhui Shipping and Transportation Limited Q3 2024 results presentation. I hope everyone can hear me. Can someone confirm that you can hear me?

Thank you. I believe you would have all had looked at the results, third quarter results as well as nine months report. Let's not wait any longer and begin. First things first, financial highlights. Q3 revenue for the quarter USD46 million, earnings before interest, tax, depreciation and amortization at USD22 million.

Sorry another two joining. Net profit for the quarter USD8 million, basic earnings per share $0.07 per share. For

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