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Tuan Sing 2Q earnings halved to $1.5 mil on higher finance costs, income tax expenses

Uma Devi
Uma Devi7/24/2019 07:08 PM GMT+08  • 2 min read
Tuan Sing 2Q earnings halved to $1.5 mil on higher finance costs, income tax expenses
SINGAPORE (July 24): Property developer Tuan Sing Holdings reported earnings of $1.5 million for 2Q19, down 50% from 2Q18.
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SINGAPORE (July 24): Property developer Tuan Sing Holdings reported earnings of $1.5 million for 2Q19, down 50% from 2Q18.

Revenue for the quarter fell 9% to $73.9 million from a year ago mainly due to lower revenue from industrial services segment, partially offset by higher revenue from property segment.

Gross profit came in 11% lower at $13.8 million in line with lower revenue.

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