KUALA LUMPUR: OSK Holdings Bhd
has proposed a bonus issue of one bonus share for every two existing OSK shares held on an entitlement date to be determined later.
“This bonus issue is our way of thanking shareholders for their trust in our vision and growth plans. By letting them have greater participation in the equity of the group, they become even more integral in our journey of creating long-term value together,” executive chairman Tan Sri Ong Leong Huat said in a statement.
This exercise will raise the company's total issued shares from 2.095 billion to 3.143 billion, benefiting more than 22,000 OSK shareholders as of Dec 31, 2024.
For the fourth quarter ended December 31, 2024 (4Q24), OSK’s net profit surged by 50.9% to RM147.6mil, or earnings per share of 7.16 sen. This boosted its full-year net profit to RM536.5mil, or 26.02 sen.
Revenue for 4Q24 increased by 3.98% to RM440.4mil, contributing to a 4.4% rise in full-year net profit, which reached RM1.65bil.
OSK has proposed a final dividend of 5 sen, an increase of 1 sen from the final dividend in 2024.
