OSK’s 4Q net profit climbs 23%, declares 4 sen dividend

OSK Holdings Bhd’s fourth quarter (4Q) net profit rose 23.4% to RM121.32 million from RM98.31 million a year earlier, thanks to its hospitality segment as well the financial services and investment holding segment. Revenue grew 5.76% to RM332.7 million from RM314.56 million a year ago.

Earnings per share for the 4Q ended Dec 31, 2022, increased to 5.88 sen from 4.77 sen, according to its exchange filing today.

OSK declared a single-tier final dividend of four sen per share and a single-tier interim dividend of two sen per share amounting to RM41.2 million for its financial year 2022 (FY22).

For the 12 months period, OSK’s net profit rose 7% to RM427.18 million, from RM398.22 million, while revenue improved by 18% to RM1.32 billion from RM1.12 billion in FY21.

OSK said it is confident to maintain a satisfactory level of results in FY23. 

OSK’s share price closed 2% or two sen higher at RM1.02 today, valuing the group at RM2.14 billion. – TMR