TTJ Holdings' Q1 net profit slips 2% to S$4.12m

STEEL specialist TTJ Holdings's net profit slipped 2 per cent year-on-year to S$4.12 million, for the first quarter ended Oct 31, 2015.

Revenue, however, rose 4 per cent to S$25.6 million - mainly contributed by the group's structural steel business.

Its earnings per share for the quarter stood at 1.18 Singapore cents - down from 1.2 Singapore cents in the corresponding period a year ago.

No dividend was declared.

Said TTJ: "As at Dec 7, 2015, TTJ's projects order book stood at S$126 million which it expects to substantially complete between FY2016 and FY2018. To date, the group continues to experience a healthy level of enquiries for a mix of public and private sector projects.

"Going forward, the group will continue to monitor its costs closely and enhance productivity to remain competitive."