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Hiap Tong expects 'significantly' higher earnings for FY2023

The Edge Singapore
The Edge Singapore  • 2 min read
Hiap Tong expects 'significantly' higher earnings for FY2023
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Crane provided Hiap Tong Corp expects to report FY2023 for the year ended March that will be "significantly" higher versus the preceding FY2022.

"The higher net profit after tax for FY2023 was mainly attributable to new construction projects under the lifting and haulage segment as well as the full resumption of business operations fron the Covidd-19 situation in Singapore and Malaysia during the year," adds the company on May 20.

The company says it expects to report the numbers on or before May 30.

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