SINGAPORE – Construction crane owner Tat Hong Holdings reported a 77 per cent drop in fourth quarter net earnings to $4.2 million.
Revenue for the three months to March 31 fell by 22 per cent to $155.9 million.
For the full year, net earnings more than halved to $32.8 million from $70.4 million last year while revenue slumped by 18 per cent to $684.1 million.
With the exception of tower crane rental, revenue contribution from all divisions declined during the year.
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Tat Hong Holdings is the world’s largest crawler-crane company. — PHOTO: TAT HONG
