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SINGAPORe : Mainboard-listed infrastructure and civil engineering firm OKP Holdings said its first half profits rose 14 per cent on-year to a record S$7.8 million.
Revenue rose 20 per cent to S$73.7 million led by growth in its construction segment which made up more than 80 per cent of total turnover.
OKP said based on the strong growth in the construction sector, it expects a positive outlook for the next 12 months.
The company added that it will continue to focus on its traditional core business of construction and maintenance activities.
It will also leverage on its track record and financial strength to tender for larger and more complex civil engineering projects.
The firm is proposing an interim dividend of 1 cent per share. That works out to a dividend payout ratio of 34 per cent based on the profits in the first half of the year. - CNA /ls
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