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Tiong Woon full-year profit falls 46%

Fall in business across all segments hits revenue and margins; group continues to manage costs


TIONG Woon Corporation, an engineering and marine transportation company listed on the mainboard, reported on Tuesday a 46 per cent slump in its net profit for the fiscal year ended June 30 to S$12 million as revenue and margins took a hit.

Revenue slipped 12 per cent to