Zhītōng Cáijīng APP News, Gemilang Intl (06163) announced that the group is expected to obtain a comprehensive profit of no less than $ 700,000 attributable to equity owners of the company not audited for the six months ending on April 30, 2024, an increase of more than 150% compared to the six months ending on April 30, 2023.

The announcement stated that the expected increase in profits attributable to equity owners of the company during the reporting period is mainly due to the increase in group income of about $ 4.75 million compared to the same period in 2023. The income increase is mainly due to the increase in revenue from the sales of car bodies and kits during the reporting period by about $ 4.18 million, The reason was that the group completed more orders from Australia, Singapore and the United States than the same period in 2023. Therefore, the group is expected to increase gross profit by about $ 1.3 million in the reporting period compared to the same period in 2023.