"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.
"We remain cognizant of market volatilities and uncertainties and will continue to respond nimbly to constantly stay ahead of any changes," he adds.
The company has a relatively smaller business owning properties such as shophouses and an office in Australia. For 1HFY2022, income from this segment was down 4.2% y-o-y to $3.3 million because of unfavourable forex.
As at June 30, the company's book value was 39.88 cents per share.
See also: MAS net profit rises to $19.7 bil in FY2024/25 with investment gains more than doubling y-o-y
The company's order book is now around $279.4 million, to be fulfilled to 2025.
OKP shares last traded at 17 cents.
