CBL International Limited Audited Results for the Year Ended December 31, 2022
27 April 2023 - 5:51PM
On April 26, 2023, CBL International Limited (NASDAQ: BANL) (the
“Company”) has filed with Securities and Exchange Commission
(“SEC”) the Form 20-F Account Report for the audited consolidated
annual results of the Company and its subsidiaries (the “Group”)
for the year ended December 31, 2022 together with comparative
figures for the year ended December 31, 2021. Please see below the
financial highlight.
FINANCIAL HIGHLIGHT
- The Group’s
consolidated revenue from sales of marine fuel increased by
approximately $136,365,000 or 41.8% to approximately $462,906,000
in 2022 from approximately $326,541,000 in 2021, mainly
attributable to the increase in the marine fuel price but partially
offset by the slight decrease in our sales volume of marine
fuel.
- The Group’s
consolidated gross profit for the year ended December 31, 2022 was
approximately $9,125,000, an increase of $1,534,000 or 20.2%,
compared to the year ended December 31, 2021, driven by increased
gross profit per ton of marine fuel sold with an effect of
$1,832,000, partially offset by a decrease of volume in the amount
of $298,000.
- Net income
increased by approximately $116,000 or 3.3% from approximately
$3,569,000 for the year ended December 31, 2021, to approximately
$3,685,000 for the year ended December 31, 2022.
- Basic and
diluted earnings per ordinary share is approximately $0.17.
- Total
shareholders’ equity of the Company increased by approximately
43.7% to approximately $12,112,000.
For details of the account report for the year
ended December 31, 2022, please refer to
https://investors.banle-intl.com for Form 20-F Annual Report filed
with SEC on April 26, 2023.
For more information, please
contact: CBL International
Limited Email: investors@banle-intl.com
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