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Poh Tiong Choon's 3Q earnings dip 3% to $2.7 mil on higher expenses

Michelle Zhu
Michelle Zhu • 2 min read
Poh Tiong Choon's 3Q earnings dip 3% to $2.7 mil on higher expenses
SINGAPORE (Nov 14): Poh Tiong Choon Logistics announced earnings of $2.7 million for the third quarter ended Sept, down 3% from $2.8 million a year ago due to higher total expenses.
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SINGAPORE (Nov 14): Poh Tiong Choon Logistics announced earnings of $2.7 million for the third quarter ended Sept, down 3% from $2.8 million a year ago due to higher total expenses.

Revenue for the quarter grew 5% to $36.7 million compared to $34.8 million, due to higher volumes handled by both the group’s Warehousing and Transport Operations segments.

Total expenses, however, increased by 6% to $33.4 million from $32.5 million in 3Q16.

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