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Teckwah's 1H earnings up 16.2% despite revenue decline owing to Covid-19

Jeffrey Tan
Jeffrey Tan • 2 min read
Teckwah's 1H earnings up 16.2% despite revenue decline owing to Covid-19
Teckwah Industrial Corp has recorded earnings of $5.3 million in the six months ended June 30, up 16.2% y-o-y, from $4.5 million.
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Teckwah Industrial Corp has recorded earnings of $5.3 million in the six months ended June 30, up 16.2% y-o-y, from $4.5 million.

This came on the back of higher operating profit before tax due to an increase in other income received from government support schemes.

Revenue, however, fell 2.5% y-o-y to $76.7 million from $78.7 million, as its packaging printing-related, as well as logistics and services businesses registered lower revenue contributions.

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