Gemilang International Ltd. Reports 64% Drop in Earnings Per Share to US$28K for Six Months Ending April 2025
Gemilang International Ltd. has released its unaudited condensed consolidated interim results for the six months ended 30 April 2025. The Group reported a revenue increase to $11.698 million from $8.813 million in the same period in 2024. This growth was primarily driven by the sales of bus bodies and kits, which accounted for $9.875 million of the total revenue. The Group's gross profit for the period was $2.475 million, up from $2.316 million in the previous year. However, the net profit for the period attributable to owners of the Company was significantly lower at $28,000, compared to $736,000 for the same period last year. The report also highlighted segment profits, with the sales of parts and provision of relevant services contributing $476,000 and the rental of motor vehicles adding $8,000 to the segment profit. Reportable segment profit totaled $845,000. General and administrative expenses increased to $1.714 million from $1.531 million, while finance costs amounted to $257,000. The profit before income tax stood at $152,000, a decrease from the previous period. The company did not provide specific outlook or guidance in this release.
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