Oiltek International Limited (SG:HQU) has released an update.
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Oiltek International Limited has reported a robust financial performance for the first half of 2024, with a notable 50% increase in net profit to RM10.3 million and a 30.9% boost in revenue, reaching RM100.5 million. The company has declared an interim dividend of 0.9 Singapore cents per share and maintains a strong order book valued at RM405.1 million. Oiltek’s financial health is further emphasized by its zero-debt status and substantial cash reserves.
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