Sin Heng Q1 net profit up 15.8% at $3.8m

MORE cranes and aerial lifts sold in Singapore and regional markets resulted in crane supplier Sin Heng Heavy Machinery reporting a net profit of $3.8 million for its first quarter ended Sept 30, 2013, up 15.8 per cent from $3.3 million for the same period a year ago.

Revenue for the period under review was up 10.1 per cent at $47.4 million.

Don Tan, Sin Heng managing director, told The Business Times via e-mail yesterday that Sin Heng's business expansion strategy into South-east Asian markets was starting to bear fruit. "The continuous development of infrastructure in regional markets provides good potential for construction equipment players like us."