Tat Hong Holdings issues profit guidance

Crane operator Tat Hong Holdings is expected to report a loss for the third quarter.
Crane operator Tat Hong Holdings is expected to report a loss for the third quarter.PHOTO: TAT HONG HOLDINGS

SINGAPORE - Crane operator Tat Hong Holdings is expected to report a loss for the third quarter, it said on Wednesday (Jan 27).

This is based on the preliminary review of its consolidated unaudited results, and comes primarily due to costs and provisions associated with exiting the excavator distribution business in Indonesia, weak performance from its Australian operations and foreign exchange losses.

The group is expected to release quarterly results on or around Feb 12.

It advised shareholders and potential investors to exercise caution when dealing in its shares, and to seek the advice of stockbrokers, bankers or financial advisers when dealing in its shares.