08.02.2016

Tat Hong releases Chinese crane results

Tat Hong Holdings has released the third quarter results for its Chinese tower crane rental business, Tat Hong Equipment Service, as part of its application to list the company’s shares on the Taiwan Stock Exchange.

The results form part of the overall group results which will be released in a weeks time. Total year to date revenues for the business were S$23.8 million – four percent lower than in the same period last year, pre-tax profits for the nine months dropped 91 percent to S$424,000 from S$4.8 million last year. The company simply issued the results, and did not, at this state, comment on the reason behind the sharp fall in profits.
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