OSK Holdings Bhd's pre-tax profit for the third quarter ended Sept 30, 2010 slipped to RM57.49 million from RM60.5 million during the same quarter previously.

Its turnover, however, rose to RM255.35 million from RM227.66 million.

As for the cumulative nine months, its pre-tax profit jumped to RM139.582 million from RM131.8 million previously, on the back of a higher turnover of RM710.2 million as compared with RM582.28 million previously.

On outlook, OSK said in a filing to Bursa that the board is optimistic that the regional market will continue to sustain its recovery path.

'While domestic demand is expected to be the main impetus for growth, the appropriate management of short-term capital flows has become an increasingly crucial development for the regional economy,' it said.

Hence, the board expects the group to perform well for the rest of 2010. -- Bernama