Higher revenue contributions from these divisions were however offset in part by lower Crane Rental revenue due to a lower rental rate in Singapore, lower activity levels in Batam, and the completion of projects in Hong Kong.
SINGAPORE (Nov 14): Tat Hong Holdings saw its losses for the 2Q18 ended Sept nearly halve to $2.8 million from its reported loss of $5.4 million in 2Q17, mainly due to an improvement in gross profit and share of profit from associates and joint ventures (JVs).
Revenue for the quarter grew 13% to $124.3 million from $109.8 million a year ago, lifted by higher contributions from the Tower Crane Rental, General Equipment Rental and Distribution divisions.
