Ilustrato Pictures International Inc. reported significant revenue growth for the six months ended June 30, 2024, achieving $5.3 million, a notable increase from $3.6 million during the same period in 2023. For the three months ended June 30, 2024, revenue reached $4.2 million, compared to $1.9 million in the prior year. This growth can be attributed in part to the acquisition of Al Shola Gas on March 23, 2024, which bolstered the company's Industrial and Manufacturing Division, generating $3.3 million in revenue for the first half of 2024.

The Emergency Response Division also demonstrated strong performance, with revenue rising 85% to $2.0 million for the six months ended June 30, 2024, up from $1.1 million in the same period of 2023.

Despite the increase in revenue, the company reported a net loss of $2.7 million for the six months ended June 30, 2024, an improvement from a net loss of $4.7 million in the previous year. For the three months ended June 30, 2024, the net loss was $548,021, significantly reduced from $3.5 million in the same quarter of 2023.

Operating expenses for the first half of 2024 totaled $4.7 million, slightly higher than the $4.2 million reported for the same period in 2023. The company's total current assets as of June 30, 2024, were $20.8 million, while total current liabilities stood at $18.4 million, resulting in positive working capital of $2.3 million.

Additionally, goodwill increased to $11.1 million as of June 30, 2024, up from $8.6 million as of December 31, 2023, reflecting the impact of the recent acquisition. Overall, Ilustrato Pictures International Inc. has shown a positive trajectory in revenue growth and a reduction in net losses, alongside strategic developments that have enhanced its operational capabilities.