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Tiong Seng’s 3Q earnings fall 30% to $1.9 mil on lower revenue

Michelle Zhu
Michelle Zhu11/2/2016 06:48 PM GMT+08  • 1 min read
Tiong Seng’s 3Q earnings fall 30% to $1.9 mil on lower revenue
SINGAPORE (Nov 2): Singapore contractor Tiong Seng Holdings posted a fall in earnings for 3Q16 to $1.88 million, 30% down from $2.67 million in the same period the year before.
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SINGAPORE (Nov 2): Singapore contractor Tiong Seng Holdings posted a fall in earnings for 3Q16 to $1.88 million, 30% down from $2.67 million in the same period the year before.

Overall revenue fell by 12% to $145.9 million mainly due to lower income from the sales of goods and development properties, which declined 85% and 42% respectively.

No interim dividend has been declared for the quarter.

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