However, the group’s revenue for the reporting period came in 37.9% y-o-y higher to $94.2 million, while gross profit grew 27.6% y-o-y higher to $23 million.
Grand Venture Technology (GVT) has reported a lower profit after tax of $3.15 million for the 1HFY2025 ended June 30, down 26.8% y-o-y.
The group says that the lower net profit is due to foreign exchange (FX) losses and corporate expenses for the reporting period.
