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Gemilang International Limited (HKG:6163) May Have Run Too Fast Too Soon With Recent 26% Price Plummet
GEMILANG INTL (06163) issued 25 million shares due to the conversion of convertible Bonds.
GEMILANG INTL (06163) announced that on March 7, 2025, it will issue 25 million shares due to the conversion of convertible Bonds...
GEMILANG INTL: 2024 Annual Report
Gemilang International Narrows Attributable Loss in Fiscal 2024
GEMILANG INTL (06163.HK) revenue increased to 22.96 million USD in 2024.
GEMILANG INTL (06163.HK) announced on January 17 that for the year ending October 31, 2024, revenues increased from approximately 14.27 million USD for the year ending October 31, 2023 to approximately 22.96 million USD for the current year. This increase is due to higher revenues from sales of bodies and kits as well as sales of components and related services. The group recorded a loss of about 1.03 million USD for the year (2023: 2.79 million USD). The annual loss is primarily attributable to the net provision for impairment losses on other receivables, which is offset by revenue from sales of bodies and kits and sales of components and related services.
Express News | Gemilang International FY Net Income USD -1.03 Million
