OKP Holdings reverses from losses to earnings of $3.3 mil for FY20

OKP Holdings has reversed back into the black with earnings of $3.3 million for the FY2020 ended December, compared to the $378,000 loss it posted in FY2019.

Earnings per share stood at 1.07 cents from loss per share of 0.12 cents a year ago.

Revenue for the FY2020 fell 14.5% y-o-y to $69.6 million, due to lower contributions from the construction and maintenance segments, and partly offset by 9.9% higher rental income at $6.3 million.