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TTJ reports 28% higher 1Q earnings of $0.98 mil on better sales

PC Lee
PC Lee • 1 min read
TTJ reports 28% higher 1Q earnings of $0.98 mil on better sales
SINGAPORE (Dec 5): Steel fabricator TTJ Holdings reported a 28% rise in 1Q earnings to $976,000 from $760,000 a year ago.
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SINGAPORE (Dec 5): Steel fabricator TTJ Holdings reported a 28% rise in 1Q earnings to $976,000 from $760,000 a year ago.

Revenue rose 39% to $19 million due to the increase in contribution from the structural steel business.

Cost of sales rose a slower 34% to $15.4 million, leading to a 6% increase in gross profit to $3.6 million.

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