Crane supplier Sin Heng Heavy Machinery reported net profit of S$3.8 million for its first quarter ended Sept 30, 2013, up 15.8 per cent from S$3.3 million the same period a year ago.
Revenue for the period was up 10.1 per cent at S$47.4 million.
The company attribited the improved bottomline to higher gross profit in its trading business, which was offset by lower gross profit from its equipment rental business.
“The group is cautiously optimistic that the key markets which the group operates in remain encouraging,” the company said.
