September 30, September 30,
---------------------------------- ----------------------------------
2024 2023 2024 2023
---------------- ---------------- ---------------- ----------------
USD USD USD USD
(Loss) income
before income
taxes $ (430,711) $ 516,008 $ (1,268,111) $ 525,189
Adjustments:
Non-recurring
IPO-related
stock-based
compensation 59,719 59,719 179,157 179,156
IPO and
arbitration
legal fee -- -- -- 50,000
Business
expansion
expense 61,770 61,770 185,310 185,312
---------------- ---------------- ---------------- ----------------
Adjusted (loss)
income before
income taxes (309,222) 637,497 (903,644) 939,657
Less: income
taxes at 18%
rate (55,660) 114,749 (162,656) 169,138
Less: net loss
attributable to
non-controlling
shareholders (148,111) (66,043) (460,761) (66,043)
---------------- ---------------- ---------------- ----------------
Adjusted net
(loss) income $ (105,451) $ 588,791 $ (280,227) $ 836,562
================ ================ ================ ================
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SOURCE FGI Industries Ltd.
/CONTACT: Jae Chung, VP Investor Relations, 973-515-7190, investorrelations@fgi-industries.com
(END) Dow Jones Newswires
November 11, 2024 16:30 ET (21:30 GMT)
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