4Q revenue rose 8% to $119.3 million. Revenue from crane rental decreased 6% to $28.6 million in 4Q18, due to lower crane utilisation rates in Malaysia, Thailand and Hong Kong as major contracts were nearing completion and while new projects were delayed.
SINGAPORE (May 30): Tat Hong, one of the largest crane rental company in the Asia Pacific region which is in the process of being privatised by controlling shareholder Roland Ng, reported 4Q losses narrowed 81% to $5.6 million from a year ago.
This was the result of lower pre-tax losses and lower income tax expense arising mainly from over-provisions made for prior years’ taxes and the utilisation of prior years’ tax losses and capital allowances.
