According to the Zhitong Finance App, GT STEEL GROUP (08402) announced results for the six months ended June 30, 2023. The group achieved revenue of SGD 7.2218 million, an increase of 98.22% over the previous year; a loss of SGD 1,5977 million during the period, a decrease of 59.48% over the previous year; and a loss of 0.33 Singapore points per share.
The Group changed from a gross loss of approximately SGD 2.204 million for the six months ended June 30, 2022 to a gross profit of approximately SGD 1.194,000 for the six months ended June 30, 2023, mainly due to the significant increase in revenue due to the emergence of new projects after COVID-19.