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 …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Danone beats Q1 sales forecasts, keeps 2024 goals
Concord to buy Hipgnosis in US$1.4 billion deal
Nokia sees stronger H2 after Q1 comparable profit grows less than expected
TSMC posts first profit growth in a year after global AI boom
Latest Singapore one-year T-bill offers cut-off yield of 3.58%
Huawei starts sales of new Pura 70 smartphone amid scrutiny on chips