GP Industries' losses shrink in Q4

MAINBOARD-LISTED GP Industries reduced its losses in the fourth quarter ended March 31, 2017.

The company posted losses of S$1.414 million, compared to S$4.196 million in the same period of 2016, the company said in a Singapore Exchange filing on Tuesday.

For Q4, revenue went up 12.7 per cent to S$263.2 million from S$233.6 million the year before.

It posted earnings per share of 1.50 Singapore cents, a drop from 1.6 Singapore cents in the previous year.

GP Industries is an international manufacturing and marketing group in the electronics and batteries industries. It has been listed on the SGX since 1995 and is the main industrial investment vehicle of Hong Kong-listed Gold Peak Industries (Holdings) Limited, which currently owns an approximately 85 per cent interest in the company.