OKP Holdings' net profit drop 66.1% to $12.1m in H1.

Thanks to ongoing and newly-awarded projects.

OKP Holdings reported a net profit of $12.1m in H1, a 66.1% decrease from H1 2023, when it earned $35.8m, the company's latest bourse filing showed.

Net profit attributable to equity holders is $11.9m for the period, a 66.6% decrease compared to H1 2023's $35.6m

Revenue is $73.9m for the first six months of 2024, up by 5.9% compared to $70m in H1 2023.

OKP Holdings has declared a basic earnings per share of $0.38, 66% lower than the $0.11 EPS announced in H1 2023.

OKP Holdings said that it achieved a record high order book of $706.9m for the half year ended 30 June, with revenue visibility extended until 2027.

This was thanks to its ongoing and newly-awarded construction and maintenance projects.

Its construction segment's revenue rose 13.6% to $46.1m, partially offset by a 6% decrease in revenue from its maintenance segment to $24.7m, and a 2.1% decrease in rental income.

The group’s free cash and cash equivalents saw a 43.6% increase year-on-year, from $65.8m to $94.2m.

Follow the link for more news on

Financial Statements

Also Read

Institution of Engineers sets up new board to promote faster chartership registration

Hanwha raises offer to $0.67 to acquire full control of Dyna-Mac Holdings

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit