Eastern International turns to FY26 net loss of $1.15 million; revenue rises 14% to $45.63 million
ELOG•Expenses rise sharply
General and administrative expense climbed 48.3% to $4.39 million, including $816,950 of share-based compensation tied to 815,000 ordinary shares granted.
FY26 results turn to loss as revenue grows
Eastern International posted revenue of $45.63 million, up 14% year over year, while net results swung to a loss of $1.15 million.
Operating results turned to a loss of $1.06 million as gross margin narrowed 5.7 percentage points to 9.3% on higher costs.
Transportation services drives revenue increase
Transportation services revenue rose 16.1% to $40.93 million, driven by a 52.2% jump in project logistics to $32.15 million.
General logistics revenue fell 37.8% to $8.78 million, while warehouse subleasing slipped to .
