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Tat Hong deepens loss in Q4, drops dividend

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CRANE rental company Tat Hong Holdings sank deeper into the red in its fourth quarter, as weakness in the construction sector continued to bite.

CRANE rental company Tat Hong Holdings sank deeper into the red in its fourth quarter, as weakness in the construction sector continued to bite.

Net loss widened 133 per cent to S$39.81 million for the three months ended March 31, the group said in a bourse filing Friday evening.

Revenue slid 7 per cent year-on-year to S$126.72 million over the same period.

Tat Hong incurred a loss per share of 6.34 Singapore cents for the quarter, compared with a loss per share of 2.71 Singapore cents the previous year.

Net asset value per share fell to S$0.93 as at March 31 this year, down from S$1.03 as at March 31 last year.

The group did not declare a dividend. It had declared a final dividend of S$0.01 the previous year.

Tat Hong shares lost S$0.015 to close at S$0.52 on Friday before its results were released.

sentifi.com

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