In This Article:
Rektron Group Inc. ("Rektron" or the "Company") (CSE:REK.U)(FRA:F75) a global commodities trading house, is pleased to report a revenue of USD$2.5 billion for the year ended July 31, 2024 ("YE 2024"), or USD$3.20 per share, compared with a revenue of USD$2.0 billion, for the year ended July 31, 2023 ("YE 2023"). For YE 2024, gross profit attributable to the Company was USD$30 million, or USD$0.38 per share.
Worldwide revenue increased 24%, to USD$2.5 billion for YE 2024. The Company reports a profit of USD$13 million for the fiscal year or USD$0.17 per share.
"Amid significant market challenges this year, we proactively adjusted our business operations to better align with the current environment," said Ricardo Phielix, CEO of the Company. "Together with the improvements made over the past several years, these adjustments enable us to serve our customers more effectively and achieve strong results across the business cycle." As we navigate ongoing geopolitical headwinds across our markets, we remain committed to making meaningful investments in our future while deepening our relationships with customers," Phielix continued. "Our team of dedicated employees come to work each day with a singular focus: delivering commodities and reduce operating costs."
Copies of the Financial Statements of the Company, together with the auditor's report thereon and the Management's Discussion and Analysis, are available on the SEDAR+ website www.sedarplus.ca.
On Behalf of the Board of Directors, Rektron Group Inc.
Ricardo Phielix
Chief Executive Officer
FOR FURTHER INFORMATION CONTACT:
Email: ir@rektrongroup.com
Email: ir@rektrongroup.com
Web: https://www.rektrongroup.com/
About the Company
The Company is the holding and parent company of Rektron AQ Limited, which is the holding and parent company of DL Hudson Limited. DL Hudson Limited is the trading arm of a group of companies, of which there are several subsidiaries that support the group's global commodity trading operations. The Company is headquartered in Vancouver, BC, while Rektron AQ Limited is headquartered in London, UK.
The Company focuses on maintaining an experienced team of management and traders, extensive geographical and product diversification, trading and logistical expertise, and financial and risk management. The team at the Group is composed of energy and metals traders, City of London and Wall Street bankers. The trading expertise includes principal energy and metals products, particularly ferrous and nonferrous metals, Energy Transition Commodities ("ETC"), recycled metals and crude and Euro VI-compliant refined oil products. The Company transacts across all compliant markets following the international trade regulations and guidelines.