<a href="https://laohu8.com/S/GTI">Graphjet Technology</a> Reports 1,322.9% Increase in General and Administrative Expenses for Fiscal Year Ending September 30, 2024
Graphjet Technology has released its annual results for the fiscal year ending September 30, 2024. The company reported a significant increase in general and administrative expenses, totaling $17.44 million, compared to $1.23 million in the previous year. This represents an increase of $16.21 million or 1,322.9%. The company specializes in the production of high-quality graphene and graphite, using a patented technology that transforms palm kernel shells into artificial graphene and graphite, thereby reducing carbon emissions. The report does not include specific figures for sales, revenues, net income, or earnings per share for the period. Graphjet Technology's operations are focused on industries such as energy storage, electronics, aerospace, and advanced manufacturing. No specific outlook or guidance for future operations was provided in the report.
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