Globavend Holdings Ltd. Reports 63.6% Increase in Revenue for Six Months Ending March 31, 2025, Driven by Integrated Cross-Border Logistics Services

Reuters
2025.09.09 20:11
portai
I'm PortAI, I can summarize articles.

Globavend Holdings Ltd. reported a 63.6% increase in revenue for the six months ending March 31, 2025, reaching $13.72 million, up from $8.38 million the previous year. The growth was driven by integrated cross-border logistics services, which generated $12.75 million, and air freight forwarding services, which rose to $971,631. The company operates in Hong Kong, Australia, and New Zealand, providing e-commerce logistics solutions. Economic conditions and foreign exchange fluctuations were noted as significant factors affecting financial results, with no major impact from COVID-19 reported for the period.