Lack of one-off gain hits Tat Hong's Q3

Singapore

THE lack of a one-off S$13-million gain from the disposal of purchase rights for a plot of Iskandar Malaysia land meant that crane supplier Tat Hong Holdings reported a 63 per cent drop in net profit to S$4.5 million for its third quarter ended Dec 31, 2014, from S$12.1 million a year ago.

Revenue fell 7 per cent to S$154.9 million from S$167.4 million a year ago.