Jinhui Shipping and Transportation Limited reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 14.43 million compared to USD 32.64 million a year ago. Net loss was USD 12.75 million compared to net income of USD 19.02 million a year ago.

Basic loss per share from continuing operations was USD 0.117 compared to basic earnings per share from continuing operations of USD 0.174 a year ago. Diluted loss per share from continuing operations was USD 0.117 compared to diluted earnings per share from continuing operations of USD 0.174 a year ago.