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OKP Holdings' earnings falls by 39.4% in 1H2021 following lower government support

Amala Balakrishner
Amala Balakrishner8/4/2021 8:59 PM GMT+08  • 4 min read
OKP Holdings' earnings falls by 39.4% in 1H2021 following lower government support
Earnings per share came in at 0.32 cents, down from 0.52 cents in 1HFY20.
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Earnings of construction operator OKP Holdings were down 39.4% to $976,000 for 1HFY21 ended June, from the $1.6 million posted in the previous year, due in part to lower payouts and rebates from the government.

On a fully diluted basis, this translates to earnings per share of 0.32 cents, down from 0.52 cents in 1HFY20. With this, net tangible assets per share were at 39.36 cents as June 30, compared to 39.56 cents at Dec 31 2020.

Revenue for the first six months of the year rose by 40% to $45.1 million, thanks to higher contributions from construction (+33.8% to $30 million), maintenance (+70% to $11.7 million) and rental income (+16.4% to $3.4 million).

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