Revenue for 1H20 fell 39.8% y-o-y to $102.3 million mainly due to the decrease in work from the construction and engineering segment due to the suspension and delay in construction activities due to the pandemic and subsequent circuit breaker measures.
Mainboard-listed construction and civil engineering company Tiong Seng Holdings has reported a loss of $9.2 million for the 1H20 ended June. In comparison, the company registered earnings of $2.7 million in 1H19.
The losses translated into earnings per share of -2.07 Singapore cents, compared to the 0.62 Singapore cents the previous year.
