Globavend Achieves 24% Net Income Growth in FY2024 Financials

Author: Dylan Bailey Updated: 02-12-2025 04:29 PM

Globavend Holdings Limited Reports Significant Net Income Growth

Globavend Holdings Limited (NASDAQ: GVH), a prominent player in the e-commerce logistics sector, recently announced its impressive financial results for the fiscal year 2024. The Company has achieved a notable net income growth of 24%, reflecting a year of accomplishments and resilience amidst a dynamic market landscape.

Key Financial Achievements

In celebrating this financial success, CEO Frank Yau expressed enthusiasm about the results, pointing to the hard work of the Globavend team and their skill in navigating market fluctuations. In line with this trend, the Company's net income climbed to an impressive $1.34 million, showcasing its capacity for sustainable growth.

Financial Highlights:

Net income rose by 24% year-over-year to $1.34 million.
Earnings per share (EPS) also surged, growing 13% from the previous year to reach $0.09.
Total revenue for the year amounted to $16.5 million, demonstrating a gross profit margin of 14.6%.

Introducing Globavend's Enhanced E-Commerce Logistics Services

Globavend specializes in providing comprehensive end-to-end logistics solutions tailored for retail and enterprise customers involved in e-commerce. The Company's innovative approach allows it to facilitate seamless business-to-consumer (B2C) transactions effectively across various platforms. This is achieved through a robust delivery network extending from Hong Kong to Australia and New Zealand.

About the Company:

Globavend operates as a logistics service that encompasses every stage of the e-commerce process. Their services include:

Pre-carriage parcel drop-off
Parcel consolidation
Air-freight forwarding
Customs clearance and on-carriage parcel transport
Final delivery to customers

The Future of Globavend

As Globavend continues to expand its services, the Company remains committed to optimizing its logistics capabilities and enhancing customer experience. Through innovation and adaptability, Globavend aims to solidify its position as a leading logistics provider in the evolving e-commerce landscape. Looking ahead, the Company is determined to sustain its growth momentum and improve its operational efficiencies, ensuring continued value creation for its stakeholders.

Contact and Investor Relations

For any queries related to investment and media concerns, please reach out to:

Globavend Holdings Limited
Wai Yiu Yau, Chairman and CEO
Email: project@globavend.com
Phone: (61) 8 6141 3263

Frequently Asked Questions

What is the net income growth reported by Globavend Holdings Limited?

Globavend reported a 24% growth in net income for fiscal year 2024, amounting to $1.34 million.

How did Globavend’s earnings per share change in FY2024?

Earnings per share (EPS) increased by 13%, rising to $0.09 year-over-year.

What were the total revenue figures for Globavend in FY2024?

Globavend reported total revenue of $16.5 million for the fiscal year 2024.

What services does Globavend provide?

Globavend offers a range of logistics services including parcel drop-off, consolidation, air-freight forwarding, customs clearance, and final delivery.

Who is the CEO of Globavend Holdings Limited?

The CEO of Globavend is Wai Yiu Yau, who is also the Chairman of the Company.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

Contact Dylan Bailey privately here. Or send an email with ATTN: Dylan Bailey as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.