GKE Corp has released a stellar set of results for FY2021 ended May 31.

The warehousing and logistics company has proposed a final (tax exempted) dividend 0.4 cent a share for FY2021, subject to shareholder approval.

During the year, GKE’s earnings more than doubled to $11.5 million from $4.7 million a year ago.

Its revenue grew 10.9% y-o-y to $118.9 million from $107.3 million.

GKE says its improved revenue was due to higher occupancy of GKE’s warehouses in Singapore and at better rental rates, higher trucking volume, and higher volume of ready-mix concrete (RMC) produced and sold in Wuzhou.

Neo Cheow Hui, CEO and executive director of GKE, says the company will continue to seek “viable” opportunities in view of the eventual re-opening of the global economy.

Such opportunities, he says, lie particularly in the specialty chemicals and electronics industries in Singapore.

On July 28, GKE ended up 0.2 cent or 1.3% at 16.1 cents with 12.5 million shares changed hands.

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GKE Corp's FY21 earnings more than double to $11.5 mil, proposes 0.4 cent div

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