MAINBOARD-LISTED battery maker GP Industries posted net profit of S$2.33 million for the fourth quarter ended March 31, turning around from a S$7 million loss in the year-ago period, it reported in a results release on Tuesday.
Earnings per share for the quarter was 0.48 Singapore cent, compared with a loss per share of 1.45 Singapore cents in the year-ago period. Some 14.3 per cent of the group's business is subject to US tariffs. GP Industries said it is working with customers in the US"on the best response to the increased import costs". It also noted that the US's proposed enlarged tariff scheme for all made-in-China products, if implemented, could affect other products.
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