GKE's Attributable Profit Down 17% in H1; Shares Down 4%

MT Newswires07-29

GKE (SGX:595) attributable profit to owners of the company was down over 17% year over year to SG$2.4 million from SG$2.9 million, a filing with the Singapore Exchange said on Friday.

Earnings per share came in at SG$0.0031 from SG$0.0038 in the year-ago period.

The logistics company's revenue was up nearly 1% year over year to SG$55.0 million from SG$54.6 million. The slight increase in revenue was driven by higher revenue from its warehouse and logistics segment.

The directors approved a tax-exempt one-tier cash dividend of SG$0.0020 per share for the year ended May 31.

Shares of the company were down nearly 4% in recent trading.

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