It tech packaging inc. announces third quarter 2024 unaudited financial results

Baoding, china , nov. 15, 2024 /prnewswire/ -- it tech packaging inc. (nyse american: itp) ("it tech packaging" or the "company"), a leading manufacturer and distributor of diversified paper products in north china, today announced its unaudited financial results for the nine and three months ended september 30, 2024. third quarter 2024 unaudited financial results for the three months ended september 30,  ($ millions) 2024 2023 % change  revenues 25.08 15.77 59.03 %  regular corrugating medium paper ("cmp")* 20.91 11.95 74.93 %  light-weight cmp** 4.13 3.47 19.16 %  offset printing paper - 0.07 -  tissue paper products - 0.26 -   face masks - 0.02 -  gross profit (loss) 1.92 (0.15) 1351.37 %  gross profit (loss) margin 7.64 % -0.97 % 8.61pp***  regular corrugating medium paper ("cmp")* 7.54 % 7.01 % 0.53pp****  light-weight cmp** 7.33 % -7.47 % 14.80pp****  offset printing paper - 7.53 % -  tissue paper products*** - -278.10 %  face masks - -15.75 % -  operating income（loss） (1.46) (2.48) -41.07 %  net income (loss) (1.97) (1.98) -0.07 %  ebitda 2.03 1.69 20.12 %  basic and diluted earnings (loss) per share (0.20) (0.20) -  * products from pm6  ** products from pm1  *** products from pm8 and pm9  **** pp represents percentage points   revenue increased by 59.03% to approximately $25.08 million as compared to the same period of last year.
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