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Why Did GLG Corp’s Revenue Plunge 18.7% Amid Rising Tariffs?
9:44am on Friday 27th of February, 2026 AEDT
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Manufacturing
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Why Did GLG Corp’s Revenue Plunge 18.7% Amid Rising Tariffs?
9:44am on Friday 27th of February, 2026 AEDT
Key Points
Revenue declined 18.7% to USD 54.1 million in 1HFY2026
Net loss after tax of USD 0.5 million versus prior profit
Gross margin improved slightly due to production efficiencies
Operating costs reduced, but finance costs rose due to working capital cycle
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