GKE's Attributable Profit Surges 133% in Fiscal H1; Shares Plunge 9%

MT Newswires

2025/01/14

GKE's (SGX:595) profit attributable to owners of the company surged nearly 133% in the fiscal first half to SG$4.4 million from SG$1.9 million a year earlier, according to a filing with the Singapore Exchange on Monday.

Earnings per share came in at SG$0.0057 compared to SG$0.0025 in the comparable period.

Revenue was up nearly 14% year over year to SG$63.2 million from SG$55.5 million in the year-ago period, mainly due to an increase in income from container trucking, freight forwarding services and marine logistics.

The warehousing company declared a cash dividend of SG$0.0005 per share for six months ended Nov. 30, 2024.

Shares of the company plunged nearly 9% in recent trading.

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