At the operating level, GVT was able to largely maintain its Ebitda at $29.9 million for FY2022, versus $31.4 million reported for FY2021.
Manufacturer Grand Venture Technology has reported higher revenue of $131.1 million for FY2022, up 12.8% over the preceding year ended Dec 2021.
However, due to one-off costs incurred because of recent acquisitions, as well as unfavourable forex and other costs, earnings for the same FY2022 was $13.3 million, down from $17.6 million reported for the preceding FY2021.
