OKP profits up 52% on construction growth
With its construction segment seeing 39% rise in revenue, OKP reported net profit of S$14.4 million for 2009.
The mainboard-listed infrastructure and civil engineering company posted S$98.2 million worth of revenue from its construction segment alone, representing 76% of the total. This came from construction projects both in full swing and those secured during the fiscal year.
Group Managing Director, Mr Or Toh Wat, said, "While the global economy continues to be uncertain, early signs of turning around in some economies are already evident. We continue to work diligently to bring the Group to the next level of growth, focusing always on growing long-term shareholder value.
As at 25 February 2010, the Group has a construction gross order book which stands at S$266.6 million, with projects lasting up to financial year ending 31 December 2011.
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