GP Industries Reports 17% Rise in Fiscal Profit

MT Newswires Live

05/29

Gold Peak Technology Group's (HKG:0040) 86.18%-owned subsidiary, GP Industries, recorded SG$28.4 million in attributable profit for the fiscal year ended March 31, rising 17% from SG$24.3 million a year earlier, according to a Thursday filing with the Hong Kong bourse.

The battery manufacturer's shares gained over 4% in recent trade.

Earnings per share were SG$0.0565, compared with SG$0.049 in the prior fiscal year.

Revenue remained largely flat year over year at SG$1.09 billion, figures showed.

The Gold Peak unit also declared a full-year dividend of SG$0.035 per share.

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