SINGAPORE (Aug 12): Tat Hong Holdings posted losses of $3.6 million in 1Q17, compared to earnings of $2.8 million in the same period last year.
This was mainly due to unrealised foreign exchange losses arising from unfavourable currency movements.
“Had it not been for the $5.2 million foreign exchange impact on our bottomline, the Group would have recorded a small profit for the quarter under review,” says Managing Director and Group CEO Roland Ng in an SGX filing on Friday.
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