• Press Release

For Immediate Release

OSK Holdings Berhad Holds 34th Annual General Meeting

Shareholders and Top Leadership Meet Amidst Backdrop of Record Revenue and Profits
(From left to right) OSK Holdings Berhad Executive Chairman Tan Sri Ong Leong Huat (fifth from left) reading from the 2023 Integrated Annual Report after concluding the Group's 34th Annual General Meeting held virtually. He is flanked by the Management and Board of Directors of the Group including (from left to right) Ms. Ong Yee Ching, Non-Independent Non-Executive Director; Ms. Wong Wen Miin, Independent Non-Executive Director; Dato’ Saiful Bahri bin Zainuddin, Executive Director; Mr. Ong Ju Yan, Group Managing Director; Mr. Ong Ju Xing, Deputy Group Managing Director; Mr. Leong Keng Yuen, Independent Non-Executive Director; and Puan Farah Deba binti Mohamed Sofian, Independent Non-Executive Director.

Key highlights:

  • Revenue surged to RM1.6 billion, up 20% from the previous year (FY2022: RM1.3 billion), Profit Before Tax recorded at RM555.1 million, up 14% compared to previous year.
  • Final dividends of 4 sen per share declared.

Kuala Lumpur, 18 April 2024 – OSK Holdings Berhad (“OSKH” or “the Group”) convened its 34th Annual General Meeting (“AGM”) themed “Moving Forward, Progressing Together” successfully in an entirely virtual setting earlier today.

The event served as a platform for the Group’s leadership to present its strategies, initiatives, and key highlights for the financial year ending December 31, 2023. The meeting showcased OSK Holding’s performance, marking a historic achievement in both revenue and profit since 2014.

The Group has reached a notable milestone, concluding the year on a high with a 20% increase in revenue, reaching RM1.6 billion compared to the same period last year (“YoY”). At the same time, profit before tax (PBT) soared to RM555.1 million YoY, registering a substantial 14% growth YoY.

Embracing the spirit of progress, OSK Group Executive Chairman Tan Sri Ong Leong Huat underscored the Group’s enduring optimism towards sustainable growth over the long term. He reiterated the commitment to execute its carefully planned strategies and focus on delivering healthy risk-adjusted returns for all stakeholders.

“As we navigate through complex market dynamics and global challenges, it is important that we move forward with a shared vision and purpose. ‘Moving Forward, Progressing Together’ is not merely a theme, but our commitment to our shareholders, employees, and the communities we serve,” remarked Tan Sri Ong in his opening address.

(From left to right) OSK Holdings Berhad Executive Chairman Tan Sri Ong Leong Huat (fifth from left) showing the 2023 Integrated Annual Report after concluding the Group's 34th Annual General Meeting held virtually. He is flanked by the Management and Board of Directors of the Group including (from left to right) Ms. Ong Yee Ching, Non-Independent Non-Executive Director; Ms. Wong Wen Miin, Independent Non-Executive Director; Dato’ Saiful Bahri bin Zainuddin, Executive Director; Mr. Ong Ju Yan, Group Managing Director; Mr. Ong Ju Xing, Deputy Group Managing Director; Mr. Leong Keng Yuen, Independent Non-Executive Director; and Puan Farah Deba binti Mohamed Sofian, Independent Non-Executive Director.

Shareholders voted to pass resolutions, which included declaring a single-tier final dividend of 4 sen per ordinary share, re-electing retiring directors, and reappointing the company auditor for the ensuing year.

“Our confidence is bolstered by the consistent strength of our Property Segment, the ongoing growth in our Financial Services Segment, and the expansion of our Industrial Segment in both.”

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SCAM ALERT

Impersonation is on the rise. OSK Holdings Berhad (“OSK Group” or “Company”) has been made aware of the presence of websites and agents soliciting investments from the public or offering loans, claiming to represent OSK Group, and those of its subsidiaries within the Property, Financial Services, Industries, and Hospitality sectors.

We implore the public to exercise discernment when encountering websites or individuals, and to exclusively refer to the official website at oskgroup.com, along with the web addresses and social media pages listed there, for authentic and verified information on OSK Group of Companies.