Tropical Battery : TROPICAL) Unaudited Financial Statements for the 2nd Quarter of Ended March 31, 2024

• May 16, 2024
• 8:36 am

TROPICAL-Group-Q2-FS-2024Download

During Q2 FY2024, Tropical Battery's gross operating revenue increased, climbing from $700 million in Q2 FY2023 to $1.5 billion in the current fiscal year, representing a surge of approximately 121%. This significant rise is directly linked to the company's recent acquisitions, which expanded its market presence and operational scale. The gross profit also reflected this positive trend, increasing from $223 million to $489 million, translating to a growth of 119%. These figures underscore the successful integration of the new acquisitions and suggest an effective management strategy for leveraging new assets to enhance overall profitability.