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TTJ 3Q earnings fall 82% to $2.4 mil

PC Lee
PC Lee6/7/2017 6:38 PM GMT+08  • 1 min read
TTJ 3Q earnings fall 82% to $2.4 mil
SINGAPORE (June 7): TTJ reported a 82% fall in 3Q earnings to $2.4 million from a year ago on lower sales as the tenure of the dormitory at Terusan Lodge I had expired and was not renewed.
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SINGAPORE (June 7): TTJ reported a 82% fall in 3Q earnings to $2.4 million from a year ago on lower sales as the tenure of the dormitory at Terusan Lodge I had expired and was not renewed.

For the three months ended April, the group specialising in steel structures engineering, recorded a revenue of $16.8 million, a decrease of 69% from a year ago mainly due to the decrease in structural steel business and non contribution of revenue from the dormitory business.

The group’s gross profit margin decreased to 27.4% from 33.8%.

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