From GlobeNewswire: 2024-11-26 14:10:00

AB International Group Corp. reported a 125% revenue increase to $3.3 million and reached operational profitability with a net income of $0.54 million for FY 2024. The company guides for 150% revenue growth and a $5 million share repurchase goal by year end 2025.

Key financial highlights for FY 2024 include a 125% revenue increase to $3.3 million and a net income of $542,331. Operating expenses decreased to $2.81 million, and total stockholders’ equity rose to $1.46 million. The company also repurchased 285 million shares of common stock.

For FY 2025, AB International Group Corp. expects revenue to increase by approximately 150% to $8.25 million. Gross margin is predicted to be around 60.5%, and diluted earnings per share are estimated to range from $0.001 to $0.002. The company focuses on intellectual property and movie investment and licensing.



Read more at GlobeNewswire:: ABQQ Reports FY 2024 Audited Financial Results, Introduces