The decrease was also due to reduced government grants, a decrease in fair value gain on investment properties, a decline in gain on disposal of fixed assets and an increase in foreign exchange (forex) losses.
OKP Holdings has reported earnings of $21.8 million for the 2HFY2024 ended Dec 31, 2024, a 142.7% growth from 2HFY2023's $8.98 million.
Despite this, the group's FY2024 earnings fell 24.5% y-o-y $33.7 million from the previous full-year earnings of $44.6 million. This was largely due to the absence of a one-off gain of $43.8 million from an arbitral award.
