Tat Hong drops dividend as Q4 loss more than doubles

Singapore

WEAKNESS in the construction sector continued to bite for crane rental company Tat Hong Holdings, which declared zero final dividend as it sank deeper into the red for its fourth quarter.

The group, which has recently drawn speculation about a potential takeover or privatisation, posted a net loss of S$39.81 million for the three months ended March 31, 133 per cent worse than the net loss in the year-ago period, the group said in a bourse filing on Friday evening.