Oakridge International Limited (ASX:OAK) Releases Half-Year Financial Report
Financial Performance
Oakridge International Limited reported a 109.32% increase in revenue from ordinary activities, reaching $1,105,357 for the half-year ended 31 December 2024, up from $528,068 in the previous year. The loss after tax decreased by 72.39% to ($126,968), compared to ($459,809) in 2023.
Operational Achievements
The company saw a rise in contracted orders, indicating revenue growth and showcasing effective management with a robust project pipeline across multiple states. Oakridge strengthened existing partnerships and secured new channel partners, opening new markets and customer bases. Discussions for international expansion into New Zealand, India, and the Middle East are progressing. Advancements in the Nurse Call Management System (NuCaMS), hardware, and wireless technology continued, with mobile app enhancements for Android and iOS underway. Ongoing R&D is focused on next-generation products, including RTLS integration and NuCaMS Enterprise Version. The digital presence was enhanced through website and social media integration, leading to efficient lead generation and conversion into business opportunities. Additionally, the company expanded its workforce by recruiting additional technical staff to meet rising demand and maintain high service standards.
Future Outlook
Oakridge International plans to continuously monitor overhead costs and cash flow, strengthen its capital base, and seek strategic partners to further develop its business.
Safety and Environmental Updates
During the half-year, there were no reportable incidents related to health, safety, or community matters. The company maintains that no business objective will take priority over its Occupational Health and Safety Policy.
Dividends
The directors do not propose or recommend the payment of a dividend at this time.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.