GKE’s net profit surges by over 130% in H2 2024

This was due to the growth of its warehousing and logistics segment.

GKE Corporation Limited reported a net profit of $4.4m during the second half (H2) of 2024, a 132.5% year-on-year (YoY) jump from H2 2023’s $1.9m.

The company attributed this to the growth of its warehousing and logistics segment and the gradual recovery of the infrastructural materials and services segment in China.

GKE also reported a pre-tax gain of approximately $1.1m from the divestment of its mining rights to a limestone mine and the 18% stake in the mining joint venture.

Revenue also increased by 13.8% YoY to $63.16m whilst earnings per share stood at $0.57.

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