The company also booked an allowance of expected credit loss of $0.9 million for its China operations in 1HFY2022, as compared to a year ago.
Warehousing space provider GKE has reported a 41.5% y-o-y drop in earnings to $3.8 million, on the back of a 8.4% decline in revenue to $55 million for its 1HFY2022 ended 30 November 2021.
The significant earnings drop was partly due to the reduction of some $2.2 million in government wage support compared to last year, while staff and administrative costs increased from $6.53 million to $8.27 million in the same period.
