Company Briefs

Tiong Woon's Q2 profit soars 75%

TIONG Woon Corporation's profit for Q2 ended December rose 75 per cent to $8.8 million even as turnover slipped 20 per cent to $44.4 million. The decline in turnover was mainly attributed to lower contributions from the engineering services and trading segments. For H1, net profit rose 46 per cent to $13.4 million and turnover slipped 10 per cent to $89 million.

Karin post 45% plunge in interim earnings