KUALA LUMPUR: OSK Holdings Bhd’s net profit for the financial year ended Dec 31, 2019 (FY19) jumped to RM412 mil from RM346.05 mil in the preceding year.
Revenue rose to RM1.21 bil from RM1.20 bil previously, it said in a filing with Bursa Malaysia today.
It is a conglomerate with diversified business interests in property development and investment, financial services, construction, industries and hospitality.
Chairman Tan Sri Ong Leong Huat said the better performance was due to the group’s strong operations and a systematic approach in executing strategic plans across all segments.
“Today, the group has an asset size of about RM8.4 bil, shareholders’ funds of RM5 bil and a healthy net debt equity ratio.
“The strong financial position allows the group to grow through asset expansion and business acquisitions,” he added.
OSK has proposed a final dividend of 3 sen a share, subject to shareholders’ approval at the forthcoming annual general meeting to be held on April 23. – Feb 27, 2020, Bernama
