Trending News: PH Navy: WPS patrols, surveillance flights continueChina’s 75th National Day marked in HCM City34 People Hurt After Tour Bus Crashes On Highway Near IpohPM chairs meeting on sustainable development of marine economyThose Who Continue To Manipulate Religious Issues Are Irresponsible – Mohd Na’imThe 8th international sugar conference 2024 opened in Quy NhonNAFAS Introduces Urban Farming Kit, Encourages Home Vegetable GrowingAbout $118.3 million needed to repair national highways damaged by typhoonUphold Unity To Unlock Country’s Full Potential – AnwarTop leader hands over appointment decision to Deputy Prosecutor General296 Illegal Immigrants Arrested From January To Aug 31 – GOFMekong Delta region enjoys growing crop productionKing, Queen Extend Malaysia Day GreetingsHeavy Rain Causes Water Level Of Three Rivers In Kedah To Exceed Danger Level TonightOver 280 Left Homeless As Fire Destroys 44 Houses In TongodBank Rakyat Assures Its System Remains Secure After Attempted Data InfringementMalaysia Wins Bronze And Four ‘Medallion For Excellence’ Awards At Worldskills CompetitionUplifting Rural, Impoverished Urban Areas A Key Federal Priority, Says PM AnwarKing, Queen Grace Maulidur Rasul CelebrationSabah Will Continue To Defend Sovereignty Of The State Within Malaysia – HajijiCordillera Region under red alert due to TD GenerFerry Trapped In Sandbank Earlier Continues Journey To Langkawi TonightBaguio tourism group preps for 16K servings of fried riceTun Juhar Attends Malaysia Day 2024 CelebrationCDO animal bite cases hit 17K in Q2Ferry To Langkawi Runs Aground, Three Others Turn Back Due To StormPBBM: We must do more to protect childrenRetired Banker Loses Rm1.44 Mln To Phone ScamPangasinan gears up for Tropical Depression GenerSteven Sim Rescue’s Young Girl’s Dream Of Becoming Software EngineerLocal bourse up as investors anticipate Fed rate cut, peso strongCM Urges Penangites To Strengthen Unity, Elevate State To New HeightsCSC awards rites for outstanding gov’t workers set Sept 18Mahkota By-election: Syed Hussien Capable Of Taking Youth Agenda To Higher Level – Onn HafizBatac City main road closes for bomb explosion drillUpholding Sanctity Of Islam A Collective Responsibility – Sultan Of PahangOne-week police crackdown nets 142 suspects in LagunaCabinet Need To Discuss Proposal To Revamp National Education Policy That Abolished Form 3, Year 6 Exams – FadhlinaAntique records 3OK affected families, 1 death due to ‘Bebinca’Four Passengers Seriously Injured As Double-decker Bus Loses Control, Hits Road DividerSolar panel gives stable power supply in Romblon rural health units‘Rempeyek Wak Tunot’ From Mother’s Recipe, A Roadside Snack To Crunching Sales AbroadPSA targets entire population for nat’l ID system by 2025Three Deaths Recorded In Accidents Involving RXZ Members 6.0 ParticipantsTagbanuas now living in peace, prosperity in their ancestral domainMechamato Back For Season 3 With New Superhero ‘Maskmana’DSWD: Aid for TS Ferdie, Mt. Kanlaon-hit families tops P48MSeven Lost Hikers On Bukit Maras Found Safe – PoliceVictorias City harnesses solar power for clean, reliable water supplyVoters Prefer Small-scale Mahkota By-election CampaignGov’t efforts to manage debt, reduce poverty incidence laudedMeaningful Programmes, Colourful Processions Enliven 2024 Maulidur Rasul CelebrationsValenzuela court allows Alice Guo to attend Senate POGO hearingKPWKM To Build Two Disaster Storage Depots In Sibu, Miri – NancyActing mayor assures Legazpi residents of continuous servicesDr Abd Rauf Named Selangor’s Tokoh Maulidur Rasul 2024Obstruction of justice raps eyed vs. KOJC execs, lawyersDozens Of Malaysian Holiday-Goers Can’t Cross To Thailand Due To Passport Issues, Tax ArrearsLawyer seeks to nullify Comelec rule on party-list nomineesHalal Certification Report To Be Presented To Cabinet This Wednesday – Mohd Na’imOil prices down for 3rd straight weekMalaysia Day: Leaders Rally Malaysians With Messages Of Unity, PatriotismOver P9.3-M aid released to families hit by ‘habagat’ in W. VisayasTuanku Muhriz Expresses Regret, Sadness Over Reports Of Child ExploitationFish Conservation Week emphasizes sustainability, food security‘Sa Pwesto ni Pistong’ wins big in 1st Bacolod Film FestivalSadorra leads PH to victory over Slovenia in Chess OlympiadSwiss investors keen on exploring investment opportunities in Nam Dinh province: workshopPCG probes ‘undocumented’ Chinese crew of PH dredging vesselNearly 1.1 trillion VND raised for Yagi-hit victimsComelec processes over 500K voter reactivation applicationsTyphoon Yagi wrecks Quang Ninh’s aquacultureSenate OKs expanded college equivalency, accreditation programOver 40,000 Brave Downpour For Malaysia Day Celebration In Kota Kinabalu‘One Visayas’ tour seen to advance E. Visayas tourismBiker Injured By Falling Tree In JitraPDEA eyes dog breeding, training program for K9 unitsTengku Zafrul Urges Mahkota Outstation Voters To Return For Polling DayHouse taps PNP to capture Harry RoqueHusband Urge Police To Find Foreign Spouse Who Ran Away With DaughterCourt win shows govt’s commitment vs. illegal drugs – DOJPolitical Experts Hail Anwar’s Success In Maintaining Unity GovernmentPangasinan arts fest features indigenous lullabies, creativesClubs Must Tackle Wage Arrears Or Risk Legal, Reputation Fallout, Say ExpertsSC affirms cancellation of An Waray registration as party-list groupSingle Mother’s Time Management Skills Key To Raising Eight Successful ChildrenMMDA Ortigas satellite office to ease settling of documents, finesEx-cop Uses Kite Flying To Promote Crime-fighting AgendaCIDG seizes P19-M illegal LPG tanks in CaloocanMalaysia Needs To Elevate TVET To Shine At China WSC In ShanghaiLawmaker: Fast-track implementation of PhilHealth coverage hikesShifts In Monsoon Season Pattern, Intensity Complicate Flood ManagementKoreans rule World DanceSport Federation Cebu Open 2024Sarawak Mufti Recipient Of National-level Anugerah Perdana Malidur RasulW. Visayas schools shift to alternative learning due to bad weatherEx-GISB Followers To Be Called Up To Assist In Probe, Report To Be Submitted To MKI – Mohd Na’imPalace hosts countdown concert for PH hosting of FIVB in 2025Muslims Should Continue Making Prophet Muhammad ‘Uswatun Hasanah’ – PM AnwarOFW remittances up by over 3% in JulyOverseas Vietnamese in Singapore enjoy Mid-Autumn Festival
Wed. Sep 18th, 2024
Trending News: PH Navy: WPS patrols, surveillance flights continueChina’s 75th National Day marked in HCM City34 People Hurt After Tour Bus Crashes On Highway Near IpohPM chairs meeting on sustainable development of marine economyThose Who Continue To Manipulate Religious Issues Are Irresponsible – Mohd Na’imThe 8th international sugar conference 2024 opened in Quy NhonNAFAS Introduces Urban Farming Kit, Encourages Home Vegetable GrowingAbout $118.3 million needed to repair national highways damaged by typhoonUphold Unity To Unlock Country’s Full Potential – AnwarTop leader hands over appointment decision to Deputy Prosecutor General296 Illegal Immigrants Arrested From January To Aug 31 – GOFMekong Delta region enjoys growing crop productionKing, Queen Extend Malaysia Day GreetingsHeavy Rain Causes Water Level Of Three Rivers In Kedah To Exceed Danger Level TonightOver 280 Left Homeless As Fire Destroys 44 Houses In TongodBank Rakyat Assures Its System Remains Secure After Attempted Data InfringementMalaysia Wins Bronze And Four ‘Medallion For Excellence’ Awards At Worldskills CompetitionUplifting Rural, Impoverished Urban Areas A Key Federal Priority, Says PM AnwarKing, Queen Grace Maulidur Rasul CelebrationSabah Will Continue To Defend Sovereignty Of The State Within Malaysia – HajijiCordillera Region under red alert due to TD GenerFerry Trapped In Sandbank Earlier Continues Journey To Langkawi TonightBaguio tourism group preps for 16K servings of fried riceTun Juhar Attends Malaysia Day 2024 CelebrationCDO animal bite cases hit 17K in Q2Ferry To Langkawi Runs Aground, Three Others Turn Back Due To StormPBBM: We must do more to protect childrenRetired Banker Loses Rm1.44 Mln To Phone ScamPangasinan gears up for Tropical Depression GenerSteven Sim Rescue’s Young Girl’s Dream Of Becoming Software EngineerLocal bourse up as investors anticipate Fed rate cut, peso strongCM Urges Penangites To Strengthen Unity, Elevate State To New HeightsCSC awards rites for outstanding gov’t workers set Sept 18Mahkota By-election: Syed Hussien Capable Of Taking Youth Agenda To Higher Level – Onn HafizBatac City main road closes for bomb explosion drillUpholding Sanctity Of Islam A Collective Responsibility – Sultan Of PahangOne-week police crackdown nets 142 suspects in LagunaCabinet Need To Discuss Proposal To Revamp National Education Policy That Abolished Form 3, Year 6 Exams – FadhlinaAntique records 3OK affected families, 1 death due to ‘Bebinca’Four Passengers Seriously Injured As Double-decker Bus Loses Control, Hits Road DividerSolar panel gives stable power supply in Romblon rural health units‘Rempeyek Wak Tunot’ From Mother’s Recipe, A Roadside Snack To Crunching Sales AbroadPSA targets entire population for nat’l ID system by 2025Three Deaths Recorded In Accidents Involving RXZ Members 6.0 ParticipantsTagbanuas now living in peace, prosperity in their ancestral domainMechamato Back For Season 3 With New Superhero ‘Maskmana’DSWD: Aid for TS Ferdie, Mt. Kanlaon-hit families tops P48MSeven Lost Hikers On Bukit Maras Found Safe – PoliceVictorias City harnesses solar power for clean, reliable water supplyVoters Prefer Small-scale Mahkota By-election CampaignGov’t efforts to manage debt, reduce poverty incidence laudedMeaningful Programmes, Colourful Processions Enliven 2024 Maulidur Rasul CelebrationsValenzuela court allows Alice Guo to attend Senate POGO hearingKPWKM To Build Two Disaster Storage Depots In Sibu, Miri – NancyActing mayor assures Legazpi residents of continuous servicesDr Abd Rauf Named Selangor’s Tokoh Maulidur Rasul 2024Obstruction of justice raps eyed vs. KOJC execs, lawyersDozens Of Malaysian Holiday-Goers Can’t Cross To Thailand Due To Passport Issues, Tax ArrearsLawyer seeks to nullify Comelec rule on party-list nomineesHalal Certification Report To Be Presented To Cabinet This Wednesday – Mohd Na’imOil prices down for 3rd straight weekMalaysia Day: Leaders Rally Malaysians With Messages Of Unity, PatriotismOver P9.3-M aid released to families hit by ‘habagat’ in W. VisayasTuanku Muhriz Expresses Regret, Sadness Over Reports Of Child ExploitationFish Conservation Week emphasizes sustainability, food security‘Sa Pwesto ni Pistong’ wins big in 1st Bacolod Film FestivalSadorra leads PH to victory over Slovenia in Chess OlympiadSwiss investors keen on exploring investment opportunities in Nam Dinh province: workshopPCG probes ‘undocumented’ Chinese crew of PH dredging vesselNearly 1.1 trillion VND raised for Yagi-hit victimsComelec processes over 500K voter reactivation applicationsTyphoon Yagi wrecks Quang Ninh’s aquacultureSenate OKs expanded college equivalency, accreditation programOver 40,000 Brave Downpour For Malaysia Day Celebration In Kota Kinabalu‘One Visayas’ tour seen to advance E. Visayas tourismBiker Injured By Falling Tree In JitraPDEA eyes dog breeding, training program for K9 unitsTengku Zafrul Urges Mahkota Outstation Voters To Return For Polling DayHouse taps PNP to capture Harry RoqueHusband Urge Police To Find Foreign Spouse Who Ran Away With DaughterCourt win shows govt’s commitment vs. illegal drugs – DOJPolitical Experts Hail Anwar’s Success In Maintaining Unity GovernmentPangasinan arts fest features indigenous lullabies, creativesClubs Must Tackle Wage Arrears Or Risk Legal, Reputation Fallout, Say ExpertsSC affirms cancellation of An Waray registration as party-list groupSingle Mother’s Time Management Skills Key To Raising Eight Successful ChildrenMMDA Ortigas satellite office to ease settling of documents, finesEx-cop Uses Kite Flying To Promote Crime-fighting AgendaCIDG seizes P19-M illegal LPG tanks in CaloocanMalaysia Needs To Elevate TVET To Shine At China WSC In ShanghaiLawmaker: Fast-track implementation of PhilHealth coverage hikesShifts In Monsoon Season Pattern, Intensity Complicate Flood ManagementKoreans rule World DanceSport Federation Cebu Open 2024Sarawak Mufti Recipient Of National-level Anugerah Perdana Malidur RasulW. Visayas schools shift to alternative learning due to bad weatherEx-GISB Followers To Be Called Up To Assist In Probe, Report To Be Submitted To MKI – Mohd Na’imPalace hosts countdown concert for PH hosting of FIVB in 2025Muslims Should Continue Making Prophet Muhammad ‘Uswatun Hasanah’ – PM AnwarOFW remittances up by over 3% in JulyOverseas Vietnamese in Singapore enjoy Mid-Autumn Festival
Wed. Sep 18th, 2024

OSK Holdings 2Q Net Profit Slips To RM128.70 Mln


KUALA LUMPUR, OSK Holdings Bhd’s net profit in the second quarter ended June 30, 2024 (2Q 2024) fell to RM128.70 million from RM131.03 million in the same quarter last year.

Revenue declined to RM368.42 million from RM397.44 million previously, primarily due to weaker performance in the industries and investment holding segments, it said in a filing with Bursa Malaysia.

‘Revenue in the industries segment dipped 26 per cent to RM75.7 million while pre-tax profit saw a sharp decline of 55 per cent to RM5.8 million in 2Q 2024 against 2Q 2023.

‘The performance for both the cables and industrialised building system wall panels were impacted by slower take-up by some of the major customers,’ it said.

OSK Holdings has declared a single-tier interim dividend of three sen per ordinary share for the financial year ending Dec 31, 2024 (FY2024).

For the first half of FY2024 (1H 2024), the group recorded a higher net profit of RM251.63 million from RM246.12 million in 1H 2023 while revenue increased to RM736.36 mill
ion compared with RM730.64 million previously, due to improved performance in the property and financial services segments.

Its group executive chairman Tan Sri Ong Leong Huat said the group remained focused on enhancing shareholder value and driving sustained growth.

‘With the momentum gained in 1H 2024, we are well-positioned to achieve our long-term objectives,’ he said.

The group’s property development division will continue to plan and launch projects as scheduled, while actively monitoring progress and costs and implementing sales and marketing strategies to ensure strong take-up rates.

Source: BERNAMA News Agency

    • malaysiang

    Related Posts

    Penang State Govt To Continue To Attract Investors

    GEORGE TOWN, The Penang State Government will continue to promote the state’s industrial sector to attract investors to set up factories in Batu Kawan Industrial Park 3 (BKIP 3) and Casia City Technology Park (BCTP) in Batu Kawan near here.

    Chief Mi…

    Continue reading
    Sarawak’s Regional Development Authority Expects Betong Food Basket Project To End 2025

    KUCHING, The Food Basket Development Project in Spaoh, Betong district, which is part of the Federal Government’s food basket initiative is expected to be completed early next year.

    Regional Corridor Development Authority’s (RECODA) chief executive …

    Continue reading