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Tiong Seng's 9M earnings up 94% to $19.6 mil

Samantha Chiew
Samantha Chiew11/10/2017 6:9 PM GMT+08  • 1 min read
Tiong Seng's 9M earnings up 94% to $19.6 mil
SINGAPORE (Nov 10): Tiong Seng, the construction group and property developer, announced that 9M earnings increased 94% to $19.6 million compared to $10.1 million in 9M16.
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SINGAPORE (Nov 10): Tiong Seng, the construction group and property developer, announced that 9M earnings increased 94% to $19.6 million compared to $10.1 million in 9M16.

Revenue for the third month ended September was 1% lower at $554.2 million, compared to $554.1 million a year ago.

Revenue from the group’s construction contracts was up by 22% to $528.9 million from $433.6 million a year ago, mainly due to net increase in work done for new and on-going projects as a results of differences in stages of various construction contracts.

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