Teho's full-year profit up 42.5% at $3.4m

TEHO International has achieved record revenue for the second year running through growth in its marine, offshore oil & gas segment and a maiden contribution from its property development business.

Its net profit for the full year ended June 30 grew 42.5 per cent to S$3.4 million.

Revenue climbed 40.5 per cent to S$60.4 million, with contributions from its newly acquired and incorporated companies. During the year, Teho Water and Teho Europe contributed S$4.7 million and S$4.0 million to the group's increase in total revenue respectively while its newly acquired subsidiary, TIEC Holdings, contributed S$5.1 million in revenue despite the group being only able to recognise one full month of revenue contribution post-acquisition.