G-RESOURCES (01051) Issues Profit Alert, Expects Interim Net Profit to Rise Year-on-Year to Approximately $59 Million

Stock News
Aug 18

G-RESOURCES (01051) announced that it expects to achieve a net profit of approximately $59 million for the six months ended June 30, 2025, compared to a net profit of $40 million for the six months ended June 30, 2024. The increase in net profit for the six months ended June 30, 2025, was primarily attributable to a significant increase of $24 million in fair value gains on financial assets measured at fair value through profit or loss and perpetual notes investments. This increase was partially offset by decreases in interest income from financial products and deposits at financial institutions of $2 million and $1 million, respectively. Additionally, apart from the aforementioned factors contributing to the growth in net profit, fee and commission income from the financial services business increased by $193,000 due to higher transaction volumes during the period.

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