SUBSCRIBERS
Tiong Woon's Q2 profit down; Sin Heng's earnings up
Published Thu, Feb 12, 2015 · 09:50 PM
Singapore
TWO crane rental and trading companies on Thursday reported results that took them in two different directions, even as one warned of difficult times ahead with the fall in oil prices.
Tiong Woon Corporation posted a 57 per cent fall in net profit for its fiscal second quarter that reflected an absence of a one-off gain from the sale of two subsidiaries that was completed in October 2013.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Macquarie sees biggest profit dip in 15 years on commodities downturn
HSBC appoints ex-Citi banker as new Singapore head of global banking
H2G Green chief to stand trial on Aug 5 amid MOM probe
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Microsoft adds security chiefs to product groups in wake of hacking woes
Singapore shares climb at Friday’s open; STI up 0.2%