Tat Hong still in the red for Q2 but halves losses

Singapore

MAINBOARD-LISTED crane supplier Tat Hong Holdings stayed in the red in the second quarter, but halved its losses thanks to improved business Down Under, it said yesterday.

Net loss for the three months to Sept 30 narrowed by 48 per cent on the previous year, dropping to S$2.79 million from S$5.41 million before. This put loss per share at 0.37 Singapore cent, from 0.86 Singapore cent previously.