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44.3 % owned by SingHaiyi
OKH Global back in the black for FY2021 with $3.6 mil earnings
OKH Global has reported earnings of $3.6 million for the FY2021 ended June, reversing from losses of $22.4 million in the same period the year before.
As a result, earnings per share (EPS) stood at 32 cents compared to the loss per share of 1.98 cents in FY2020.
Revenue for the period increased by 5.8% y-o-y to $16.1 million, due to increased leasing activities in the group&rsquo s property investment segment.
The lack of rental rebates given to eligible tenants in FY2021 also contributed to the higher figure.
Cost of sales fell 19.7% y-o-y to $1.1 million.
Accordingly, gross profit grew by 8.2% y-o-y to $15.0 million.
As a result, OKH Global&rsquo s gross profit margin (GPM) stood 2.1 percentage points higher y-o-y at 93.2%.
Other income fell 77.3% y-o-y to $1.3 million, mainly due to the absence of one-off income derived from the gain on disposal of investment properties of around $1.1 million.
The lower other income was also due to the absence of grant income, gain from surrendering of an insurance policy and the dividend income from the group&rsquo s investment in a financial asset at fair value through profit or loss.
Other income in FY2021 is mainly derived from $0.93 million of grant income.
Loss allowance on trade and other receivables fell 85% y-o-y to $180,000 from $1.2 million in the FY2020 due to less impairment loss on amount due from a joint venture made in FY2021.
As at June, cash and cash equivalents stood at $10.6 million.
No dividends have been declared.
Looking ahead, OKH Global says it may monetise some of its assets under its portfolio of development and investment properties.
This is done to &ldquo further strengthen the financial strength of the group as it explores new business opportunities&rdquo .
after a long wait bought 20
noobnub ( Date: 06-Jul-2021 15:00) Posted:
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lai le..
21 cleared by today ah..
can create a property trust/REIT for their holdings of warehouses/commercial offices/malls
Very soon or soon, soon......
tankoksee ( Date: 23-Jul-2021 12:04) Posted:
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soon
tankoksee ( Date: 22-Jul-2021 13:40) Posted:
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low lying fruits are ripe for takeover/privatisation...
After Abundance, tomorrow this HUAT? NAV 6.5 cents hor.
Time for this to run again....
next week coming ..la
eric998 ( Date: 22-Jul-2021 16:10) Posted:
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whats the news? Abudance has profit guidance.. this one has?
tankoksee ( Date: 22-Jul-2021 15:44) Posted:
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dun miss this fella hor
gregtan123 ( Date: 22-Jul-2021 12:24) Posted:
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any news? or pure punting?
tankoksee ( Date: 22-Jul-2021 13:40) Posted:
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either later today or tomorrow..
tankoksee ( Date: 22-Jul-2021 15:28) Posted:
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break 24..can see 50 possible..
bro buy 2.1 first? test the market, let BB algos work
tankoksee ( Date: 22-Jul-2021 15:11) Posted:
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explosive moves soon..
3 cts otot