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Tuan Sing’s 1Q earnings fall 44% to $5.4 mil

PC Lee
PC Lee • 1 min read
Tuan Sing’s 1Q earnings fall 44% to $5.4 mil
SINGAPORE (April 27): Tuan Sing Holdings’ 1Q earnings slumped 44% to $5.39 million for the first quarter ended March, weighed down by a decline in revenue.
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SINGAPORE (April 27): Tuan Sing Holdings’ 1Q earnings slumped 44% to $5.39 million for the first quarter ended March, weighed down by a decline in revenue.

Earnings per share fell to 0.5 cent, from 0.8 cent a year ago.

Revenue was 29% lower at $74.8 million due to lower revenue from development properties.

Shares of Tuan Sing closed at 32 cents.

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