GP Industries has reported earnings of $14.5 million for the 1HFY2025 ended Sept 30, up 62.9% y-o-y from the same period last year.
Earnings per share stood at 2.99 cents for the period, as compared to 1.84 cents for 1HFY2024.
For 1HFY2025, the group’s revenue saw a 1.1% y-o-y increase to $70.5 million, due to an increase in revenue of the group’s battery business and audio business.
Gross profit was up 9.8% y-o-y at $169.4 million, while gross profit margin rose to 29.7% for 1HFY2025 from 27.4% in 1HFY2024. This came on the back of the group’s enhanced factory efficiency and implemented strict cost control measures, says GP Industries.
Looking ahead, the group expects demand for the GP Industries' battery products to remain stable due to demand from major overseas customers, which have stabilised due to inventory optimisation processes.
Shares in GP Industries closed 1 cent lower, or down 2%, at 49 cents on Nov 13.
