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GKE suffers loss for half year ended Nov 30

Published on Jan 14, 2014 9:41 PM

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.

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