Marvion Inc. Reports 150% Growth in Q3 2024 Year-to-Year Revenue, Announces New Warehouse Expansion
HONG KONG, Nov. 12, 2024 /PRNewswire/ — Marvion Inc. (OTC: MVNC) is pleased to announce its strong financial results for the period ended September 30, 2024, showcasing robust growth and momentum. For the first nine months of 2024, the company achieved a revenue of $1,019,593 and a gross profit of $502,341, reflecting year-over-year increases of 150% and 123%, respectively, compared to the same period in 2023.
Mr. Chan Sze Yu, CEO of Marvion Inc., stated:
“Despite operating in a highly competitive logistics market, our strong performance is a testament to the resilience and agility of the Marvion team. By successfully integrating United Warehouse and KSK Logistics into a unified business unit, we have strengthened our one-stop logistics and warehousing services. This strategic consolidation has not only enhanced our operational efficiency but also unlocked new growth opportunities, allowing us to achieve significant revenue and profit gains.”
Mr. Chan added:
“We are excited to announce that we are currently building our third warehouse facility in Hong Kong. This new, state-of-the-art warehouse will feature two floors, each with 18,000 square feet, totaling 36,000 square feet. The facility is expected to be completed in Q1 2025 and will significantly boost our storage capacity, aligning with our strategic growth plans.”
Key Highlights
- Impressive Financial Growth: Marvion Inc. achieved a 150% year-over-year increase in revenue and a 123% increase in gross profit for the first nine months of 2024, demonstrating robust business growth.
- Strategic Business Integration: The successful consolidation of United Warehouse and KSK Logistics has optimized the company’s service offerings, enhancing customer satisfaction and market competitiveness.
- Warehouse Expansion to Support Future Growth: Construction of a new warehouse facility is underway, with completion targeted for Q1 2025. This expansion will increase the company’s storage capabilities, enabling it to better serve its clients and support future demand.
- Market Leadership and Expansion: Leveraging strategic partnerships and cutting-edge logistics technologies, Marvion is strengthening its position in Hong Kong and across the Asia-Pacific region.
About Marvion Inc.
Marvion Inc. (OTC: MVNC) is a leading logistics and warehousing solutions provider based in Hong Kong. The company specializes in offering one-stop transport and storage services to business clients, leveraging advanced digital technologies and efficient inventory management systems.
Company Website: www.unitedksk.com
Media Contact: ir@unitedksk.com
SOURCE Marvion Inc.
