GKE sinks into the red in 2Q as expected

SINGAPORE (Jan 13): GKE Corporation sunk into the red in the 2Q17 ended Nov with a net loss of $0.6 million from an attributable net profit of $0.4 million in 2Q16.

(See also: GKE expects to report 2Q net loss)

This was despite a 45.3% growth in revenue to $11.9 million in 2Q17, following higher revenue contributions from the 70%-owned subsidiary, Marquis Services, and the wholly-owned subsidiary, Wuzhou Xing Jian Readymix Co. which started commercial production in June.

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