Tat Hong narrows Q4 loss, but sees more weakness ahead

Singapore

LOWER expenses helped crane supplier Tat Hong Holdings to narrow its fourth-quarter loss, but the company is not raising hopes for the year ahead with guidance for more market weakness.

The company posted a net loss of S$29.2 million, or 4.24 Singapore cents per share, in the three months ended March 31, a smaller deficit than the S$39.8 million lost in the year-ago period. For the 12 months ended March 31, Tat Hong's net loss was a narrower S$38 million compared to FY16's S$39.3 million.