KUALA LUMPUR: OSK Holdings Bhd’s net profit widened to RM398.23mil for the financial year ended Dec 31, 2021 (FY21) from RM343.70mil last year, mainly derived from the financial services and investment holding as well as hospitality segments, but was offset by high raw material costs.
It said the capital financing division and share of profit of RHB Group contributed substantially to the increase in earnings, while the reopening of inter-districts and inter-state travels since October 2021 has led to higher room occupancy for all its operating hotels, thus reducing substantially its losses compared to a year ago.