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14 Apr 2025
GCCP Resources Reports Higher Revenue but Wider Net Loss in FY2024 Amid Strategic Shift to Marble
Summary: GCCP Resources Limited recorded a 51% increase in revenue to MYR1.13 million in FY2024, driven by its transition from calcium carbonate to marble production. However, the Group posted a net loss of MYR8.9 million, attributed to the absence of prior-year asset disposal gains and increased operational costs. The company is focusing on expanding into the Middle East market and enhancing quarry development to improve future performance.