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Tat Hong swings into the red in 1Q over forex losses

Jude Chan
Jude Chan8/12/2016 06:30 PM GMT+08  • 2 min read
Tat Hong swings into the red in 1Q over forex losses
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.
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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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