{"id":751843,"date":"2023-04-27T03:54:55","date_gmt":"2023-04-27T07:54:55","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-international-limited-audited-results-for-the-year-ended-december-31-2022\/"},"modified":"2023-04-27T03:54:55","modified_gmt":"2023-04-27T07:54:55","slug":"cbl-international-limited-audited-results-for-the-year-ended-december-31-2022","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-international-limited-audited-results-for-the-year-ended-december-31-2022\/","title":{"rendered":"CBL International Limited Audited Results for the Year Ended December 31, 2022"},"content":{"rendered":"<h2>\n(Incorporated in Cayman Islands with limited liabilities)<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">HONG KONG, April  27, 2023  (GLOBE NEWSWIRE) &#8212; On April 26, 2023, CBL International Limited (NASDAQ: BANL) (the \u201cCompany\u201d) has filed with Securities and Exchange Commission (\u201cSEC\u201d) the Form 20-F Account Report for the audited consolidated annual results of the Company and its subsidiaries (the \u201cGroup\u201d) for the year ended December 31, 2022 together with comparative figures for the year ended December 31, 2021. Please see below the financial highlight.<\/p>\n<p align=\"left\">\n        <strong>FINANCIAL HIGHLIGHT<\/strong>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:9pt;text-align:justify\">The Group\u2019s consolidated revenue from sales of marine fuel increased by approximately $136,365,000 or 41.8% to approximately $462,906,000 in 2022 from approximately $326,541,000 in 2021, mainly attributable to the increase in the marine fuel price but partially offset by the slight decrease in our sales volume of marine fuel.<\/li>\n<li style=\"margin-bottom:9pt;text-align:justify\">The Group\u2019s consolidated gross profit for the year ended December 31, 2022 was approximately $9,125,000, an increase of $1,534,000 or 20.2%, compared to the year ended December 31, 2021, driven by increased gross profit per ton of marine fuel sold with an effect of $1,832,000, partially offset by a decrease of volume in the amount of $298,000.<\/li>\n<li style=\"margin-bottom:9pt;text-align:justify\">Net income increased by approximately $116,000 or 3.3% from approximately $3,569,000 for the year ended December 31, 2021, to approximately $3,685,000 for the year ended December 31, 2022.<\/li>\n<li style=\"margin-bottom:9pt;text-align:justify\">Basic and diluted earnings per ordinary share is approximately $0.17.<\/li>\n<li style=\"margin-bottom:9pt;text-align:justify\">Total shareholders\u2019 equity of the Company increased by approximately 43.7% to approximately $12,112,000.<\/li>\n<\/ul>\n<p align=\"justify\">For details of the account report for the year ended December 31, 2022, please refer to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=urKgVhXr0n5Zz4X05eIDfhVKz3NjBewsOm1sSqQwAig8fKcDnq_M9_g8wAZVj40HrVIDg6bXe5HlXDTwSmb58boLJummbDUQ-Qy2bCGErOWTGus4OFIu55h2wm1gw76_\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/investors.banle-intl.com<\/a> for Form 20-F Annual Report filed with SEC on April 26, 2023.<\/p>\n<p align=\"justify\">\n        <strong>For more information, please contact:\u00a0<br \/><\/strong><br \/>\n        <strong>CBL International Limited\u00a0<br \/><\/strong>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Q4FdclOobZZatnbBxaGMBUchenkRC8ztCDYR8itwFW2frncGFHshi8mOc9DiZm0Nm0amINTy6OqVr_0PhJdspsLE3_d5mSqCQ0ngLwKiS4Q=\" rel=\"nofollow noopener\" target=\"_blank\">investors@banle-intl.com<\/a><\/p>\n<p>\u00a0<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNjg5NCM1NTYxMDA4IzIyNTAwNjE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ODdiNWIwYjctZjE5MS00ZmQ5LTgxZWYtZGZmOWE5NGY2MTgxLTEyNjE2MTQ=\/tiny\/CBL-International-Limited.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>(Incorporated in Cayman Islands with limited liabilities) HONG KONG, April 27, 2023 (GLOBE NEWSWIRE) &#8212; On April 26, 2023, CBL International Limited (NASDAQ: BANL) (the \u201cCompany\u201d) has filed with Securities and Exchange Commission (\u201cSEC\u201d) the Form 20-F Account Report for the audited consolidated annual results of the Company and its subsidiaries (the \u201cGroup\u201d) for the year ended December 31, 2022 together with comparative figures for the year ended December 31, 2021. Please see below the financial highlight. FINANCIAL HIGHLIGHT The Group\u2019s consolidated revenue from sales of marine fuel increased by approximately $136,365,000 or 41.8% to approximately $462,906,000 in 2022 from approximately $326,541,000 in 2021, mainly attributable to the increase in the marine fuel price but partially offset by the slight &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-international-limited-audited-results-for-the-year-ended-december-31-2022\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CBL International Limited Audited Results for the Year Ended December 31, 2022&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-751843","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CBL International Limited Audited Results for the Year Ended December 31, 2022 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-international-limited-audited-results-for-the-year-ended-december-31-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBL International Limited Audited Results for the Year Ended December 31, 2022 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"(Incorporated in Cayman Islands with limited liabilities) HONG KONG, April 27, 2023 (GLOBE NEWSWIRE) &#8212; On April 26, 2023, CBL International Limited (NASDAQ: BANL) (the \u201cCompany\u201d) has filed with Securities and Exchange Commission (\u201cSEC\u201d) the Form 20-F Account Report for the audited consolidated annual results of the Company and its subsidiaries (the \u201cGroup\u201d) for the year ended December 31, 2022 together with comparative figures for the year ended December 31, 2021. Please see below the financial highlight. FINANCIAL HIGHLIGHT The Group\u2019s consolidated revenue from sales of marine fuel increased by approximately $136,365,000 or 41.8% to approximately $462,906,000 in 2022 from approximately $326,541,000 in 2021, mainly attributable to the increase in the marine fuel price but partially offset by the slight &hellip; Continue reading &quot;CBL International Limited Audited Results for the Year Ended December 31, 2022&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cbl-international-limited-audited-results-for-the-year-ended-december-31-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-27T07:54:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNjg5NCM1NTYxMDA4IzIyNTAwNjE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cbl-international-limited-audited-results-for-the-year-ended-december-31-2022\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cbl-international-limited-audited-results-for-the-year-ended-december-31-2022\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CBL International Limited Audited Results for the Year Ended December 31, 2022\",\"datePublished\":\"2023-04-27T07:54:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cbl-international-limited-audited-results-for-the-year-ended-december-31-2022\\\/\"},\"wordCount\":254,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cbl-international-limited-audited-results-for-the-year-ended-december-31-2022\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgyNjg5NCM1NTYxMDA4IzIyNTAwNjE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cbl-international-limited-audited-results-for-the-year-ended-december-31-2022\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cbl-international-limited-audited-results-for-the-year-ended-december-31-2022\\\/\",\"name\":\"CBL International Limited Audited Results for the Year Ended December 31, 2022 - 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Please see below the financial highlight. 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