Crane operator Tat Hong Holdings posted a 3Q net loss of $6.7 million, owing to soft demand in Southeast Asia and Australia.
A year earlier, it posted earnings of $4.5 million.
Revenue fell 19% to $124.8 million during the quarter. Crane rental revenue fell 23% to $46.5 million due to the completion of projects in Australia, Malaysia and Thailand.
The stock ended flat at 41.5 cents.
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A year earlier, it posted earnings of $4.5 million.
Revenue fell 19% to $124.8 million during the quarter. Crane rental revenue fell 23% to $46.5 million due to the completion of projects in Australia, Malaysia and Thailand.
The stock ended flat at 41.5 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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