OKP Holdings Reports 67% Drop in Attributable Profit For Half-Year

MT Newswires08-08

OKP Holdings' (SGX:5CF) net profit attributable to equity holders of the company plummeted 66.6% year over year to SG$11.9 million for the first half of 2024 from SG$35.6 million, according to a Thursday filing on the Singapore Exchange.

Earnings per share (EPS) also dropped considerably, with both basic and diluted EPS falling to SG$0.0388 from SG$0.1161 last year.

Revenue, however, rose 5.6% to SG$73.9 million from SG$70 million a year prior.

OKP declared a final one-tier tax-exempt dividend of SG$0.015 per share, totaling SG$4.6 million, up from SG$2.1 million for the previous financial year when the dividend was SG$0.007 per share.

Price (SGD): S$0.33, Change: S$+0.02, Percent Change: +4.76%

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