GKE suffers loss for half year ended Nov 30
LOGISTICS and feedstock technology company GKE Corp has fallen into the red for the six months ended Nov 30.
It reported a loss of $2.26 million, a reversal of the $10.9 million profit it made in the same period a year earlier.
This came despite revenue increasing by 10.2 per cent from to $14.7 million.
A rise in the volume handled from local transportation services as well as better storage revenue generated from newly acquired warehouses boosted revenue.