None
DE
J&T Express reports 15.9% revenue growth in 2024, turns profit
['Technode Feed', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright']
TechNode
J&T Express reported a 15.9% year-over-year revenue increase to $10.26 billion.
J&T Express achieved a net profit of $110 million in 2024, reversing its 2023 net loss of $1.16 billion.
The company’s adjusted EBITDA soared 430.5% to $780 million, while adjusted EBIT turned positive at $300 million.
For the first time, J&T’s adjusted EBIT in China was positive at $150 million, compared to a $240 million loss in 2023.
J&T’s new markets, including Saudi Arabia and the UAE, recorded an adjusted EBIT loss of $76.47 million in 2024, narrowing from a $110 million loss the year before.
['jt'
'turns'
'2024'
'159'
'million'
'billion'
'net'
'growth'
'technode'
'revenue'
'loss'
'ebit'
'yearoveryear'
'reports'
'profit'
'express'
'adjusted']