OKP Holdings Limited, a Singapore-based infrastructure and civil engineering firm, has announced a 13.3% increase in revenue for the financial year ending 31 December 2024, reaching S$181.8m. This growth was primarily fuelled by robust performances in its construction and maintenance segments, which saw a combined increase of S$21.7m, despite a slight dip in rental income.
The company also reported a net profit of S$32.8m for FY2024. The Board of Directors has proposed a total dividend of 2.5 Singapore cents per share, comprising a final dividend of 1.0 cent and a special dividend of 1.5 cents, as a gesture of appreciation to shareholders.
OKP’s order book has strengthened, now standing at S$600.7 million, a 15.8% rise from the previous year, providing revenue visibility through to 2027. The company’s balance sheet remains healthy, with free cash and cash equivalents increasing to S$124.3m from S$81.7m in FY2023.
Or Toh Wat, Group Managing Director, highlighted the company’s strategic focus on technology and innovation, stating, “Our robust order book of S$600.7m, built on our decades-long track record and core expertise, has positioned us to capitalise on growth opportunities.” He also emphasised the importance of strategic partnerships in diversifying earnings and enhancing financial stability.
Looking ahead, OKP aims to sustain its growth by maintaining financial prudence and exploring new geographical markets to bolster recurring income.
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