GLG Corp (ASX:GLE) has released a profit guidance indicating a net profit for the first half of FY25.
The unaudited results suggest a net profit ranging from US$100,000 ($159,740) to US$600,000 ($958,443) after tax, reflecting improved production management and streamlined processes.
The modest profit expectation underscores the company’s operational enhancements.
The board attributes the financial results to more efficient production capacities and optimised manufacturing procedures across the company's global network.
"The group is committed to continuous improvement, which has been pivotal in achieving these results," the company said in a statement.
The documents will provide a comprehensive insight into the financial performance and strategic direction for the remainder of the fiscal year.
GLG Corp, a key player in the global textile and apparel market, supplies over 30 million garments annually to major US and European retailers.
GLG Corp is a Singapore-based textile and apparel supply chain manager of casual lifestyle knitwear apparel for the United States and European retailers. The company is principally engaged in supplying knitwear, apparel, garments, accessories like fabric facial masks, and supply chain management operations.
At the time of reporting, GLG Corp's share price was $0.21.