KUALA LUMPUR: OSK Holdings Bhd says its 2023 financial performance underscores its enduring optimism towards sustainable growth over the long term.
OSK Holdings concluded the year ended Dec 31 2023 on a high with a 20 per cent increase in revenue to RM1.6 billion.
Group pre-tax profit soared to RM555.1 million, registering a substantial 14 per cent growth.
"As we navigate through complex market dynamics and global challenges, it is important that we move forward with a shared vision and purpose," OSK Group executive chairman Tan Sri Ong Leong Huat said in a statement in conjuction with its 34th annual general meeting (AGM) today.
"Our confidence is bolstered by the consistent strength of our property segment, the ongoing growth in our financial services segment, and the expansion of our industrial segment in both local and export markets."
Ong added that as it executes its long-term strategies, it is essential to consistently maintain a disciplined approach to balance sheet management and investing, and continue driving
operational improvements to ensure we remain competitive in the market.
The AGM served as a platform for the company's leadership to present its strategies, initiatives and key highlights for FY23.
Shareholders voted to pass resolutions, which included declaring a single-tier final dividend of four sen per ordinary share, re-electing retiring directors and reappointing the company auditor for the ensuing year.