Oiltek International's revenue for 1HFY2025 was up just 0.4% y-o-y to RM100.8 million but with better margins, earnings for the same half year ended June was up 37.5% y-o-y to RM14.1 million.
The company, which is going for a secondary listing on the Bursa, plans to pay an interim dividend of 0.5 Singapore cents.
As at June 30, it maintains its zero debt position, with net assets of RM89.7 million, and cash and bank balances of RM111.7 million, equivalent to 124.6% of its net assets.
"Despite a challenging global operating environment, Oiltek delivered a strong 1H2025 performance and continues to enhance shareholder value," says executive director and CEO Henry Yong Khai Weng.
As of July 30, Oiltek has secured orders worth some RM332.5 million to be fulfilled over the next 18 to 24 months.
"With our resilient business model, strong engineering capabilities, proprietary patented technology, and continuous innovation, we are primed for our next phase of growth," he adds.
Oiltek shares closed at 88 cents on July 29, down 1.13% for the day.
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