Second Quarter and/ or Half Yearly Results

Aug 14, 2014

Second Quarter and/ or Half Yearly Results

Second Quarter and/ or Half Yearly ResultsTiong Seng's 1H2014 revenue grows 16.9% to S$325.1 million on robust construction activity (1) Net profit falls S$11.8 million to S$1.6 million, impacted by higher construction costs and one-time disposal gain in 1H2013 (2) Cash and cash equivalents of S$69.2 million to mitigate business uncertainties (3) Order book of S$1.22 billion expected to be completed substantially by 2020

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