GKE Corp. Forecasts Higher Profit in Fiscal H1; Shares Surge 14%

MT Newswires
01-03

GKE Corp. (SGX:595) expects to report an increase in net profit attributable to shareholders for the fiscal first half ended Nov. 30, 2024, according to a filing with the Singapore Exchange on Thursday.

The forecast is mainly due to the group's organic growth and a one-off disposal gain from divesting its rights to a limestone mine in China.

The group will release its financial results on or before Jan. 14.

Shares of the warehousing and logistics company surged nearly 14% in recent trading.

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