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.
See also: Renaissance United expects net loss for 2QFY2025 in profit guidance
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.
