TTJ Holdings' Q1 net profit slips 2% to S$4.12m
STEEL specialist TTJ Holdings's net profit slipped 2 per cent year-on-year to S$4.12 million, for the first quarter ended Oct 31, 2015.
Revenue, however, rose 4 per cent to S$25.6 million - mainly contributed by the group's structural steel business.
Its earnings per share for the quarter stood at 1.18 Singapore cents - down from 1.2 Singapore cents in the corresponding period a year ago.
No dividend was declared.
Said TTJ: "As at Dec 7, 2015, TTJ's projects order book stood at S$126 million which it expects to substantially complete between FY2016 and FY2018. To date, the group continues to experience a healthy level of enquiries for a mix of public and private sector projects.
"Going forward, the group will continue to monitor its costs closely and enhance productivity to remain competitive."
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Honda to invest US$808 million in Brazil by 2030
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
Telegram messaging service to allow Tether stablecoin payments
Hong Kong regulator to probe PwC auditing role over Evergrande
US: S&P, Dow open flat as Middle East jitters ease, Netflix weighs on Nasdaq