Detail akcie CACO Rg online

Business Summary: High-Trend International Group, formerly Caravelle International Group, is an ocean technology company. The Company provides international shipping services, as well as a carbon neutral solution for wood desiccation, its carbon neutral ocean technology (CO-Tech) solution. The Company's segments include ocean transportation and heating business. Its business comprises of two sectors, such as the traditional business in international shipping, operated by the Topsheen Companies and the new CO-Tech business under Singapore Garden. The CO-Tech business is a new development building upon the existing shipping business. It enables wood desiccation during the maritime shipping process, with full utilization of the shipping time, space, and the waste heat of exhaust gas from the shipping vessels. It offers transportation services under voyage contracts and vessels services for and on behalf of ship owners.
Financial Summary: BRIEF: For the fiscal year ended 31 October 2024, High-Trend International Group revenues increased 14% to $108.2M. Net loss increased from $9.3M to $23.6M. Revenues reflect Ocean freight revenue increase of 11% to $105.4M, Vessel service revenue increase from $734K to $2.8M. Higher net loss reflects General and administrative expenses increase of 55% to $5.8M (expense), Interest income decrease of 55% to $3K (income).