In Singapore, the group experienced a 15% slowdown in revenue in 2018 as lower COE quota and stricter emission standards impacted its Nissan and Subaru businesses in Singapore.
SINGAPORE (Mar 27): Tan Chong International, the distributor and dealer of motor vehicles, saw a 19.7% in full-year earnings to HK$600.9 million ($103.4 million) in FY18 from HK$510.9 million in FY17.
FY18 revenue fell 1% to HK$15.7 billion from a year ago, mainly due to lower sales volume in its motor vehicle distribution and retail division.
