Gold Peak Tech Reports Downturn in Annual Results

Gold Peak Technology Group Limited (HK:0040) has released an update.

Gold Peak Technology Group Limited has reported a decline in GP Industries’ annual revenue by 3.6%, totaling S$1,108.1 million, and a shift from a S$22.0 million profit to a S$58.7 million loss for the fiscal year ended March 31, 2024. Despite this, when excluding the losses from XIC Innovation, the underlying profit of GP Industries only saw a minor decrease of S$0.8 million. GP Industries, a majority-owned subsidiary of Gold Peak Technology, is listed on the Singapore Exchange Securities Trading Limited.

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