Tan Chong's full-year profit falls 65% on lower vehicle sales
Add BT as a preferred sourceClaudia Tan HS
Singapore
CAR company Tan Chong International posted a net profit plunge of 65 per cent for the year ended Dec 31, 2019 to HK$212.93 million (S$39.74 million) compared to the year ago period.
The group had in January warned of a decrease in profit attributable to shareholders due to lower vehicle sales in its key markets of Singapore, Malaysia, Taiwan and China.
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