TEHO International's Profit Down 54% in H1

MT Newswires08-28

TEHO International's (SGX:5OQ) profit before tax was down 54% year over year to SG$1.2 million in the six months ended June 30 from SG$2.7 million, according to a filing with the Singapore Exchange on Tuesday.

Earnings per share came in at SG$0.0034 per share compared to SG$0.0090 per share in the year-ago period.

The marine and offshore company's revenue was down 7% year on year to SG$32.2 million from SG$34.6 million largely due to decrease in revenue from the mooring and rigging business.

The company declared a first and final cash dividend of SG$0.001 per share.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment