Tiong Seng 1Q earnings up 9% to $4.1 mil

SINGAPORE (May 11): Tiong Seng Holdings posted a 9.4% increase in earnings to $4.1 million in the first quarter ended March, from $3.7 million a year ago.

This was mainly attributable to a share of profit from joint ventures of $0.7 million in 1Q17, compared to a loss of approximately $0.7 million a year ago.