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Jetcon reports net loss of $74.3 million for 2024

 
The challenging business environment marked by weak sales and rising costs resulted in a net loss of $74.3 million for Jetcon Corporation in 2024, significantly widening the previous year's $4.5 million loss. 
 
In its newly released annual report, Jetcon cited shrinking profit margins and difficulty competing effectively as key factors that thwarted its efforts to return to profitability. 
 
Despite the weak operating results, the company reported a total comprehensive income of $101.4 million for 2024. 
 
This was primarily due to a revaluation of the three properties which helped bolster the company's asset base and provided a boost to its overall financial position.
 


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