GP Industries

TOPLINE

Tariff pressures leave GP Industries hunting growth in new niches

Battery-maker will pivot to own brands and product innovation to drive growth, amid rising costs and brutal price competition

Improvement in factory efficiency and product mix lifted gross profit margins in the battery business, says the mainboard-listed group.

GP Industries back in black with 62.9% net profit boost on stronger revenue, cost controls

The company declares an interim dividend of S$0.015 a share, up from S$0.01 a year ago

For the full year, the company reported a net loss of S$58.7 million, compared with a net profit of S$22 million a year earlier.

GP Industries sinks into red with S$67.6 million H2 net loss on lower revenue

Revenue for the half-year period slipped 1.9% to S$543.9 million

Excluding its share of attributable loss on XIC Innovation, GP would have expected a net profit of between S$16 million and S$18 million for FY2024.

GP Industries expects to sink into red for FY2024 after non-cash impairment

The group is expecting impairment losses for XIC Innovation, one of its industrial investments

GP Industries is a player in the fields of battery solutions and acoustics and electronics, as well as industrial investments.

GP Industries gets shareholder approval to undertake any business, activity and transaction

GP INDUSTRIES garnered the support of a majority of shareholders at an extraordinary general meeting on Monday (Dec 4) to alter the objects clause and adopt a new constitution.

GP Industries’ sales of primary batteries and rechargeable batteries have both declined.

GP Industries records 55.1% fall in H1 net profit amid revenue drop

BATTERY maker GP Industries posted a 55.1 per cent fall in net profit for the first half of FY2024, amid a decline in sales and the absence of one-off disposal gains it had recorded a year ago.

Sias has recommended that Golden Energy and Resources' minority shareholders reject the exit offer by its controlling shareholders.

Stocks to watch: Olam, Golden Energy and Resources, Challenger Technologies

THE following companies saw new developments that may affect trading of their securities on Wednesday (May 31): Olam Group: The company’s proposed initial public offering of its agribusiness unit is ...

Sales for the battery manufacturer fall in Europe and the Americas, but rise in Asia.

GP Industries H2 net profit down 91% to S$2.2 million

GP Industries on Tuesday (May 30) posted a 91 per cent drop in second-half net profit after the battery manufacturer recorded a drop in revenue and other operating income, as well as higher finance co...

GP Industries' shares rise 3.5% after rechargeable battery business restructuring announcement

GP Industries' shares rise 3.5% after rechargeable battery business restructuring announcement

BATTERY manufacturer GP Industries' shares rose after the company proposed a demerger between the group's rechargeable batteries business and other business segments of the group on Tuesday (Dec 28).

Stocks to watch: Valuetronics, Yoma Strategic, Memories Group, Accordia Golf, Raffles Infrastructure

Stocks to watch: Valuetronics, Yoma Strategic, Memories Group, Accordia Golf, Raffles Infrastructure

THE following companies saw new developments that may affect trading of their shares on Wednesday: