RE: GST share price17 Dec 2024 08:47
GSTechnologies reported a pretax loss of USD110,000 for the six months ended September 30, from USD737,000 the year before. Revenue increased "nearly nine-fold" on-year to USD2.2 million from USD256,000. "H1 25 was a period of significant development for the group, with a substantial increase in revenues and significantly reduced losses," commented Chair Tone Kay Kim. "We are a focused, 'pure play' fintech group with solid platforms on which to build as we continue to develop and roll out our GS Money solutions." Looking ahead, Kim added: "In the second half of the financial year we are looking to continue to grow revenues substantially from all the group's businesses...We will also continue to explore further value enhancing acquisition opportunities that can assist with accelerating the development of the group. I believe GST is extremely well positioned for the future and I look forward to reporting on our further progress in the coming months