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Sin Heng Heavy Machinery’s 1Q earnings up nearly fivefold to $1.8 mil

Michelle Zhu
Michelle Zhu10/25/2016 06:32 PM GMT+08  • 1 min read
Sin Heng Heavy Machinery’s 1Q earnings up nearly fivefold to $1.8 mil
SINGAPORE (Oct 25): Sin Heng Heavy Machinery, the lifting service provider, posted a nearly fivefold increase in 1Q17 earnings to $1.8 million from the same period a year ago.
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SINGAPORE (Oct 25): Sin Heng Heavy Machinery, the lifting service provider, posted a nearly fivefold increase in 1Q17 earnings to $1.8 million from the same period a year ago.

(See also: Sin Heng Heavy Machinery’s 1Q earnings tumble 66% to $435,000)

Gross profit rose 19.7% to $6.1 million for the quarter, mainly due to higher gross profit generated from the trading business. This was partially offset by a 8.4% decline in gross profit from the equipment rental business.

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