27.01.2016

Tat Hong goes negative

Singapore based crane group Tat Hong has indicated that it will report a loss for the quarter to the end of December.

The company, which is due to report third quarter results on February 12th, blames the red ink on weak performance from its Australian operations, along with costs and provisions associated with exiting the excavator distribution business in Indonesia, and foreign exchange losses.
Click here to see Tat Hong's half year results