FY19 revenue was 1% higher than a year ago, mainly due to higher revenue generated from the oil and gas segment, on the back of higher average crude oil and gas prices during the year.
SINGAPORE (Aug 23): GL Limited, formerly known as GuocoLeisure, saw its earnings fall 15% to US$50.3 million ($69.7 million) for the FY19 ended June, from US$59.0 million a year ago.
Gross profit dipped 5% to US$147.5 million during the year, despite the group recording slightly higher revenue of US$349.3 million in FY19.
