OSK business segments show signs of recovery

TheStar Tue, Dec 01, 2020 08:40am - 3 years View Original


The property development division will remain the key contributor to the group. As at Sept 30, OSK Holdings has effective unbilled sales of RM1.17bil with nominal unsold completed stocks and land bank totalling 566.15 hectares with an estimated gross development value of RM13.41bil.

KUALA LUMPUR: OSK Holdings Bhd’s net profit for the third quarter ended Sept 30,2020 declined to RM105.20mil from RM107.58mil in the same quarter last year.

The group said all the businesses showed signs of recovery since the easing of the movement restriction under the recovery movement control order on June 10.

Most of its divisions recorded lower pre-tax profit during the quarter compared with the same quarter last year except for the construction and capital financing divisions.

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