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TTJ Holdings posts 81% decline in 1Q earnings to $0.8 mil on lower revenue

Samantha Chiew
Samantha Chiew12/6/2017 05:47 PM GMT+08  • 1 min read
TTJ Holdings posts 81% decline in 1Q earnings to $0.8 mil on lower revenue
SINGAPORE (Dec 6): TTJ Holdings saw 1Q18 earnings ended Oct drop 81% to $760,000 from $4. million in 1Q17.
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SINGAPORE (Dec 6): TTJ Holdings saw 1Q18 earnings ended Oct drop 81% to $760,000 from $4. million in 1Q17.

Revenue for the quarter fell by 49% to $13.6 million from $26.5 million a year ago, mainly due to the decrease in structural steel business and expiry of tenure for the group’s dormitory at Terusan Lodge I resulting in no revenue contribution from its dormitory business.

Cost of sales also decreased in tandem by 46% to $11.5 million from $21.1 million last year.

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