Oiltek International's Profit After Tax Surges 83% in Q3; Shares Zoom 5.23%

MT Newswires

2024-11-19

Oiltek International's (SGX:HQU) profit after tax rose by 83% to 9.0 million ringgit in the third quarter of the year from 4.9 million ringgit a year earlier, a filing with the Singapore Exchange said on Tuesday.

Revenue was up nearly 15% year over year to 67.6 million ringgit from 59.0 million ringgit, mainly due to improved performances from the Edible & Non-Edible Refinery segment and the Product Sales and Trading segments.

Shares of the integrated process technology and renewable solutions provider surged 5.23% in recent trading.

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