TTJ Holdings' full-year net profit dives 57.5% to S$10.9m

NET profit of TTJ Holdings for its full financial year nosedived 57.5 per cent to S$10.9 million from the year-ago period, the group said in a Singapore Exchange filing on Monday evening.

For the 12 months ended July 31, revenue dived 39.3 per cent to S$82.9 million from the previous year. The drop in revenue was mainly due to the decrease in both structural steel and dormitory businesses.

Earnings per share dropped to 3.13 Singapore cents from 7.38 Singapore cents in the preceding year. Net asset value per share edged up to 37.56 Singapore cents as at July 31, from 35.99 Singapore cents a year ago.

A dividend of 0.7 Singapore cent per ordinary share was proposed. TTJ Holdings shares last closed at S$0.42.