03.08.2017

Tat Hong profit warning

Singapore based crane and equipment sales and rental group Tat Hong has issued a first quarter profit warning.

The company says that based on the preliminary review of its consolidated results it “expects to report a loss for the quarter attributable primarily to weaker revenues from Singapore, Hong Kong and Batam as a result of competitive market conditions, completion of projects and lower activity levels, respectively. On the other hand, increased revenues are expected from the group’s operations in Australia and China.”

The actual results should be released in mid August.