- Oiltek reported impressive 1H25 results, with net profits/margins increasing 37.5%/3.8pp y-o-y as it continues to execute on higher-margin orders. We note the already stellar results include unrealised forex losses of RM6.2 mln, and if added back, core net profit would increase 135.9% y-o-y at RM20.3 mln, showcasing Oiltek’s core profitability and improved capabilities.
Higher interim dividend of 0.5 cents.
- - Read this at SGinvestors.io -
Results driven by higher margins.
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- Moving forward, we believe these higher margins should pave the way for increased profitability for Oiltek in FY25 and FY26.
Robust Orderbook.
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