OSK Holdings Bhd group executive chairman Tan Sri Ong Leong Huat
KUALA LUMPUR: OSK Holdings Bhd
, which posted an 11.5% rise in net profit in the third quarter ended Sept 30 (3Q24), remains confident in its ability to continue delivering consistent growth, supported by robust project pipelines and strategic initiatives in the mid-to long-term.
“Our diversified portfolio, combined with a disciplined approach to growth and sustainability, has positioned OSK Group to meet evolving market needs while ensuring operational efficiency,” group executive chairman Tan Sri Ong Leong Huat said in a statement.
“We are committed to scaling our performance across segments, strengthening our presence in core markets, and maximising shareholder value.”
In 3Q24, OSK’s net profit rose 11.5% to RM137.2mil, or earnings per share of 6.66 sen, bringing its net profit for the nine months (9M24) to RM388.9mil, or 18.86 sen. Revenue grew 10.9% to RM481mil, bringing 9M24 revenue to RM1.2bil.
“OSK Group’s strong performance this quarter is driven by our ability to continually adapt to evolving market conditions, seizing opportunities with agility and sustaining growth across our key segments,” Ong said.
“With gains in most areas, we are strategically focused on expanding our key projects and enhancing our presence in both Malaysia and Australia. This progress reaffirms our commitment to sustainable growth and long-term value creation.”
Looking ahead, OSK Group is well-positioned to capitalise on emerging opportunities within its core markets while continuing to advance its commitment to sustainability and operational excellence.
