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GKE's 3Q losses narrow 18.5% to $0.8 mil on revenue growth

Michelle Zhu
Michelle Zhu4/12/2018 06:10 PM GMT+08  • 2 min read
GKE's 3Q losses narrow 18.5% to $0.8 mil on revenue growth
SINGAPORE (Apr 12): GKE Corp, the integrated warehousing and logistics solutions provider, saw its 3Q18 losses narrow 18.5% on-year to $0.8 million from $0.9 million on higher revenue.
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SINGAPORE (Apr 12): GKE Corp, the integrated warehousing and logistics solutions provider, saw its 3Q18 losses narrow 18.5% on-year to $0.8 million from $0.9 million on higher revenue.

Revenue for the quarter grew 8.3% to $17.3 million from $16 million a year ago due to higher contributions from Wuzhou Xing Jian and GKE Express Logistics.

This was however offset in part by lower revenue contributions from the group’s wholly-owned port operations service provider, TNS Ocean Lines, and the warehousing & logistics segment.

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