HAIKOU, China, Sept. 10, 2022 /PRNewswire/ — JX Luxventure Limited, a Nasdaq-listed company (Nasdaq: LLL), reported significant financial growth for the first six months of 2022. Revenue reached $52.3 million, up from $12.7 million during the same period in 2021, representing an increase of 312%. The travel and duty-free cross-border merchandise segments contributed $51.5 million of the total revenue.

The company expanded its duty-free product portfolio, introducing high-end pet food and securing a $100 million contract expected to conclude by the end of 2023. Additionally, JX Luxventure is anticipating profitability for these segments by the end of 2022, with overall company profitability forecasted for 2023, as the global travel industry recovers from the pandemic.

CEO Sun “Ice” Lei emphasized the company’s successful turnaround strategy and the continued recovery of its menswear business. Partnerships with airlines and luxury hotels have expanded, now including 17 major airlines, representing 51% of operators in China. Recent initiatives also include new technology consulting services and significant wholesale contracts with Chinese travel agencies, worth $20 million.

JX Luxventure remains committed to compliance with SEC and Nasdaq regulations, ensuring its status as a publicly listed company. Full financial results for the first half of 2022 are available on the SEC website.