PETALING JAYA: OSK Ventures International Bhd
(OSKVI) remains mindful of the current economic outlook and risk-return profile of the private markets industry.
In a filing with Bursa Malaysia, the group said foreign exchange risk continues to be a strong component of its overall performance and profitability, given the group’s high exposure to the US and Singapore dollar.
For the financial year ended Dec 31, 2023 (FY23), OSKVI reported a net profit of RM23.94mil, compared with RM19mil in the previous corresponding period.
Revenue stood at RM2.45mil.
Despite challenging market conditions across the public and private markets, OSKVI chief executive officer Amelia Ong said the group delivered a healthy financial performance during FY23, marked by steady growth across its venture capital segments.
“Our growth performance is a testament to the resilience of our investment methodology and tenacity of our portfolio companies.
“Driven by the growing interest in innovative companies within the private markets, we continue to expand our product offerings, taking advantage of this interest and understanding of alternative assets such as venture equity and venture debt,” she said.
For FY23, Ong said the group welcomed five new transactions into its private investment portfolio within the enterprise tech, financial technology and eCommerce sectors and successfully exited one portfolio company.
