GKE Corp expects 1HFY2025 earnings to be a 'significant' increase over 1HFY2024
GKE Corp says the stronger earnings can be attributed to better operating results plus a one-off disposal gain
GKE Corp says that earnings for its 1HFY2025 ended November 2024 will be a "significant" increase over the year-earlier period.
In its 1HFY2024 ended November 2023, GKE reported earnings of $1.9 million, an increase of 90.1% y-o-y over 1HFY2023.
The company, which operates warehouses and produces readymix concrete, says the stronger earnings can be attributed to "better business performance."
In addition, the company is booking a one-off disposal gain from the divestment of rights to a limestone mine in China.
Back in May 2019, GKE paid RMB5.05 million ($946,116.49) for the rights to mine for 9.5 years.
GKE expects to report its 1HFY2025 results on or before Jan 14.
GKE Corp shares closed at 7.9 cents on Jan 2, up 2.6% for the day, and is up 12.86% over the past 12 months.
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