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GLG Corp Limited (ASX:GLE)
ALERT: Price-sensitive ASX Announcement for GLE
Current share price for GLE : $0.140 0 (0%)+
Announcement
Release
23 Jul 2026 4:47PM
Price at Release
$0.140
Full Release
Summary
GLG Corp Ltd has announced a profit guidance for the financial year ending 30 June 2026, projecting a net loss between US$1.6 million to US$2 million based on preliminary unaudited results. The anticipated loss is attributed to tariff-related pressures, depreciation of the US dollar against the Malaysian Ringgit and Singapore Dollar, macroeconomic uncertainties, and rising oil prices due to conflicts in the Middle East. The full-year results for FY2026 are expected to be announced by the end of August 2026.
Key Points
- GLG Corp Ltd projects a net loss for FY2026.
- Expected net loss is between US$1.6 million to US$2 million.
- Factors contributing to the loss include tariff pressures, currency depreciation, macroeconomic uncertainties, and rising oil prices.
- Full-year results will be announced by the end of August 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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