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Tat Hong reports net loss of S$17.08m for Q4 FY2015

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Tat Hong Holdings slipped into the red for the three months ended March 31, 2015, and reported a net loss of S$17.08 million compared to a net profit of S$4.2 million in Q4 FY2014.

Tat Hong Holdings slipped into the red for the three months ended March 31, 2015, and reported a net loss of S$17.08 million compared to a net profit of S$4.2 million in Q4 FY2014.

Revenue fell 12 per cent year-on-year to S$136.64 million for the quarter, as all divisions turned in weaker performances.

For the whole of FY2015, the group's net profit plunged 85 per cent to just S$4.87 million - significantly down from FY2014's S$32.81 million.

FY2015 revenue slipped 11 per cent to S$608.6 million.

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Tat Hong reported a loss per share of 2.71 Singapore cents for the fourth quarter, compared to earnings per share of 0.67 Singapore cents in Q4 FY2014.

For the full year, earnings per share stood at 0.77 Singapore cents, down from FY2014's 5.21 Singapore cents.

A one Singapore cent dividend was recommended - unchanged from the year before.

Tat Hong is Asia-Pacific's largest crane company and the world's top crane company in terms of the number of crawler cranes owned.

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