Gallant Venture Ltd. Reports 8% Revenue Increase and $20.5M Profit for H1 2025

Reuters
2025/08/08
<a href="https://laohu8.com/S/GLVNF">Gallant Venture Ltd.</a> Reports 8% Revenue Increase and $20.5M Profit for H1 2025

Gallant Venture Ltd. has released its interim financial results for the first half ended 30 June 2025. The Group reported a revenue increase of 8% to $100.511 million compared to $93.275 million in the same period last year. The cost of sales remained largely unchanged at $59.190 million from $59.184 million. Gross profit saw a significant rise of 21%, amounting to $41.321 million, up from $34.091 million. The company recorded a substantial improvement in its profit before taxation, achieving $30.812 million compared to a loss of $21.428 million in the previous year. Profit after taxation also showed a notable turnaround, with the Group reporting $20.525 million compared to a loss of $28.961 million in the prior year period. Other comprehensive loss, however, was reported at $43.880 million, primarily due to currency translation differences and fair value adjustments of cash flow hedges. Despite these losses, the Group's total comprehensive loss for the period improved to $23.662 million from a larger loss previously. The financial results reflect a positive shift in the Group's profitability, driven by increased revenue and better management of expenses, despite challenges posed by foreign currency fluctuations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gallant Venture Ltd. published the original content used to generate this news brief on August 08, 2025, and is solely responsible for the information contained therein.

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