Oiltek’s Q3 net profit rises 6.2% YoY on margin gains

Singapore Business Review
2025.11.11 04:40
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Oiltek International Limited reported a 6.2% year-on-year increase in Q3 net profit, reaching $2.97 million, driven by improved gross profit margins in its Edible & Non-Edible Oil Refinery and Product Sales segments. For the nine-month period, net profit rose by 22.9% to $7.34 million. The company's financial position remains stable, with net assets of $28.52 million and cash balances of $28.74 million as of September 30, 2025.