PETALING JAYA: Oriental Interest Bhd
(OIB) will be taking a long term view in maintaining its financial strength.
Chairman Tunku Mohamad Zulkifli Osman said this strategy will help the company to cope with and recover from any unexpected events and ensure sustainable returns to its shareholders.
“The group has a sizable forward sales position with a value of about RM720mil, going into the financial year ending Aug 31, 2024 (FY24) for which the board is hopeful that it will serve as a platform for continued growth.
“As such, the group anticipates a consistent quarter-on-quarter improvement in revenue recognition, driven by the accelerated pace of our construction progress and multiple projects nearing completion,” he said in the company’s annual report.
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