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TTJ posts 27% rise in 3Q earnings to $3.1 mil on higher revenue

Stanislaus Jude Chan
Stanislaus Jude Chan6/6/2018 6:17 PM GMT+08  • 1 min read
TTJ posts 27% rise in 3Q earnings to $3.1 mil on higher revenue
SINGAPORE (June 6): Structural steel specialist TTJ Holdings saw its earnings rise 27% to $3.1 million for the 3Q ended April, from $2.4 million a year ago.
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SINGAPORE (June 6): Structural steel specialist TTJ Holdings saw its earnings rise 27% to $3.1 million for the 3Q ended April, from $2.4 million a year ago.

3Q18 revenue soared 71% to $28.7 million, from $16.8 million a year ago, as a result of higher contribution from its structural steel business.

Gross profit rose 37% to $6.3 million in 3Q18, as gross profit margin fell 5.5 percentage points to 21.9% due to lower margins derived from projects executed during the quarter.

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