JTF INTL Holdings Shareholder Deposits Shares with Citi Bank, Valued at HK$40.21 Million

Stock News04-02 09:10

On April 1, a shareholder of JTF INTL (09689) deposited shares into Citi Bank, with a deposited market value of HK$40.21 million, accounting for 5.84% of the company's shares.

On March 30, JTF INTL released its annual results for the period ending December 31, 2025. The group reported revenue of 1.191 billion yuan, an increase of 6.41% year-on-year. The annual loss was 10.477 million yuan, widening by 18.49% compared to the previous year, with a loss per share of 1.1 cent.

According to the announcement, the increased loss was primarily due to the write-off of prepayments to the main contractor and construction-in-progress assets following the suspension of the project to enhance the berthing capacity at the Zengcheng oil depot during the year, as well as higher interest expenses. These factors were partially offset by an increase in gross profit and the reversal of excess provisions for Chinese enterprise income tax from prior years.

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