Oiltek International's Attributable Profit Surges in H2 2024; Shares Down 4.8%

MT Newswires

02/12

Oiltek International's profit attributable to equity holders was up 58% during the second half of 2024 to 19.4 million Malaysian Ringgit from 12.3 million ringgit a year earlier, according to a filing with the Singapore Exchange on Wednesday.

Earnings per share rose to 0.1354 ringgit from 0.0858 ringgit in the comparable period.

Revenue was up 4.4% year over year to 129.8 million ringgit from 124.4 million ringgit, driven by an increase in the edible and non-edible oil refinery segment.

Shares of the home grown vegetable and edible oil process engineering company were down over 3% in recent trading.

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