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OKP reports higher earnings of $1.2 million for 1HFY2022

The Edge Singapore
The Edge Singapore8/8/2022 05:19 PM GMT+08  • 1 min read
OKP reports higher earnings of $1.2 million for 1HFY2022
The company's orderbook is worth $279.4 million
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OKP Holdings has reported earnings of $1.2 million for 1HFY2022 ended June, up 21.7% y-o-y.

Revenue in the same period was up 18.9% y-o-y to $53.6 million, driven by a larger volume of construction and maintenance work done.

"Notwithstanding challenges brought about by the ongoing Russia-Ukraine war which has led to higher commodities and energy costs, we were able to effectively manage our
expenses and recorded higher margins for our construction and maintenance segments," says group managing director Or Toh Wat.

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