OKP Holdings net profit attributable to equity holders slips 24.5% in 2024

Revenue for the year increased 13.3%

OKP Holdings reported a net profit attributable to equity holders of $33.7m for the financial year ending 31 December 2024, a slip of 24.5% compared to $44.6m from the same period a year before.

In H2 2024, OKP Holdings reported a net profit attributable to equity holders of $21.8m, a 142.7% increase from the same period last year. However, OKP Holdings reported a net profit of $12.1m in H1 2024, a 66.1% decrease from H1 2023, when it earned $35.8m

The company reported a $47.4m decline in Other (losses)/gains, swinging from a $46.9m gain in FY2023 to a $0.5m loss in FY2024. The decline was primarily due to the absence of a one-time $43.8m arbitral award recorded in the previous year, alongside a $7.8m drop in investment property fair value, lower government grants, and foreign exchange losses.