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Tiong Woon records 1HFY2024 earnings of $10.8 million, up 49% y-o-y

Bryan Wu
Bryan Wu • 2 min read
Tiong Woon records 1HFY2024 earnings of $10.8 million, up 49% y-o-y
Revenue for the period grew 14% y-o-y to $75.3 million from increased contributions from the heavy lift and haulage segment. Photo: Albert Chua/The Edge Singapore
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Heavy lift provider Tiong Woon Corporation (SGX:BQM) Holding (SGX:BQM) has reported earnings of $10.8 million for the 1HFY2024 ended Dec 31, 2023, up 49% compared to its earnings of $7.2 million for the corresponding period last year.

Earnings per share for 1HFY2024 increased to 4.65 cents from 3.12 cents in 1HFY2023

Revenue for the half-year period also grew 14% y-o-y to $75.3 million from an increase in contributions from the company’s heavy lift and haulage segment.

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