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TTJ Holdings’ 1Q16 Net Profit Slips 1.7%

Shares Investment

Despite a 3.6 percent increase in revenue to $25.6 million underpinned by stronger performance in the structural steel business, TTJ Holdings’ 1Q16 net profit slipped 1.7 percent to $4.1 million.

While administrative expenses shrank 31.9 percent due to a decrease in staff related cost, other losses increased by $1.3 million mainly due to increase of foreign exchange losses, which more than offset the top line gain.

As at 7 December 2015, the group’s projects order book stood at $126 million which it expects to substantially complete between FY16 and FY18.



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