The company plans to pay a final dividend of 0.35 cent per share, plus a special dividend of 0.15 cent. For the preceding FY2021, it paid 0.4 cent.
Crane company Tiong Woon Corp Holdings has reported earnings of $11.4 million for FY2022 ended June, up 15% y-o-y. Revenue in the same period was up 9% y-o-y to $122.6 million, driven by the pick up in construction activities.
The company enjoyed a better gross margin of 40.2% for FY2022, versus 37.6% recorded in FY2021, mainly due to better performance in heavy lift and haulage segment.
