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TTJ Full year shows a Profit Surge

Vincent Chia
TTJ Full year shows a Profit Surge

TTJ Holdings Limited announced its full year results. Full year revenue was up 6% year-on-year to $134.7million while full year PATMI was up 47% year-on-year to $21.8 million. This was attributed to improvement in its gross margin from 22.0% to 27.5%. The financial year also saw the completion of a number of industry projects. On-going projects include Tuas West MRT Extension Depot, the National Art Gallery and Tanjong Pagar Centre. There is also a revenue increase in TTJ’s dormitory business due to increase in rental rates. Going forward, TTJ is cautious as there are more overseas contractors entering the Singapore construction market.

GET TO THE POINT : Always nice to see improved gross margins. But the issue of overseas contractors coming to compete in the small Singapore market is an issue that the local construction firms need to address.

(Picture from TTJ Holdings Limited)

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