TTJ Holdings' Q3 net profit plunges 82%

DECLINE in structural steel business and no revenue contribution from its dormitory business took a toll on results of structural steel fabricators TTJ Holdings Limited in its third quarter.

Net profit plummeted 82.1 per cent to S$2.4 million from the previous year, the group said in a Singapore Exchange filing on Wednesday evening.

For the three months ended April 30, revenue plunged 68.8 per cent to S$16.8 million from the previous year.

Earnings per share dropped to 0.69 Singapore cents from 3.84 Singapore cents in the preceding year. Net asset value per share crept up to 37.13 Singapore cents as at April 30, from 35.99 Singapore cents nine months ago.

TTJ shares finished unchanged at S$0.425 on Wednesday.