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LTC Corp posts 24.4% increase in FY17 earnings to $8.6 mil

Stanislaus Jude Chan
Stanislaus Jude Chan8/25/2017 6:0 PM GMT+08  • 2 min read
LTC Corp posts 24.4% increase in FY17 earnings to $8.6 mil
SINGAPORE (Aug 25): LTC Corporation, formerly known as Lion Teck Chiang, has posted earnings of $8.6 million for the full year ended June, up 24.4% from earnings of $6.9 million a year ago.
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SINGAPORE (Aug 25): LTC Corporation, formerly known as Lion Teck Chiang, has posted earnings of $8.6 million for the full year ended June, up 24.4% from earnings of $6.9 million a year ago.

Revenue rose 3.5% to $134.1 million in FY2017, from $129.6 million a year ago.

The higher revenue was attributable to a $14.6 million increase in steel turnover to $107.5 million in FY2017, due to higher steel prices and higher tonnage delivered.

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