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Tat Hong swings back to profitability in 3Q

Michelle Zhu
Michelle Zhu • 2 min read
Tat Hong swings back to profitability in 3Q
SINGAPORE (Feb 14): Crane rental company Tat Hong Holdings has swung back to profitability in 3Q with earnings of $0.2 million, thanks to higher operating income, a one-off gain on disposal and lower operating costs.
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SINGAPORE (Feb 14): Crane rental company Tat Hong Holdings has swung back to profitability in 3Q with earnings of $0.2 million, thanks to higher operating income, a one-off gain on disposal and lower operating costs.

This is a turnaround from its net loss of $6.7 million in the corresponding quarter last year.

Revenue for the quarter declined 3% to $121.5 million compared to the $124.8 million posted a year ago.

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