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Tat Hong Q4 profit plunges 77% to $4.2m

Earnings hit by Aussie slowdown, losses from several Indonesian units

CRANE supplier Tat Hong Holdings' fourth-quarter net profit plunged 77 per cent from a year earlier, hit by a slowdown in the Australian economy and losses from several of its Indonesian subsidiaries. Net profit for the three months ended March 31, 2014, was $4.2 million, or 0.66 cent per share

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