OSK Holdings said the division’s performance during the quarter was also supported by the maiden contribution of profits from its iconic Melbourne Square (MSQ) mixed-use development in Melbourne, Australia.
KUALA LUMPUR: OSK Holdings Bhd
posted net profit of RM76.76mil in the first quarter ended March 31,2020 amid a challenging period due to the Movement Control Order (MCO) which was implemented on March 18.
The company announced on Friday revenue of RM255.73mil, down by 3% from RM263.87mil a year ago while pre-tax profit (PBT) was lower by 18% at RM86.98mil from RM106.20mil. Earnings per share were 3.71 sen compared with 4.40 sen.
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