Sin Heng doubles Q3 profit to $6.27m

SIN HENG Heavy Machinery, a lifting solution provider for the construction and infrastructure sector, has more than doubled its net profit year-on-year for the fiscal third quarter, driven partly by higher revenue.

The group recorded $6.27 million in net profit attributable to owners for the three months ended March 31, up from $3.07 million in the year-ago period.

Revenue for the quarter rose 33.3 per cent to $53.7 million. But gross profit rose just 10.2 per cent to $7.9 million.