Company Briefs
Tiong Woon's Q2 profit soars 75%
TIONG Woon Corporation's profit for Q2 ended December rose 75 per cent to $8.8 million even as turnover slipped 20 per cent to $44.4 million. The decline in turnover was mainly attributed to lower contributions from the engineering services and trading segments. For H1, net profit rose 46 per cent to $13.4 million and turnover slipped 10 per cent to $89 million.
Karin post 45% plunge in interim earnings
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
Hong Kong bourse regains favour on hopes of a market revival
Chinese sellers go to TikTok school to reach buyers abroad
Gold prices set for weekly decline ahead of US inflation data
Huawei’s new phone sports latest version of made-in-China chip
Meta’s earnings flop sparks US$400 billion sell-off in tech stocks