Car fitting specialist Tomo zooms ahead
S'pore-based firm eyes growth in new geographical areas and business-to-consumer market
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Tomo Holdings founder and chief executive David Siew and executive director Lee Lai Fong, who is his wife. The Hong Kong-listed group reported unaudited net earnings of $3.1 million on turnover of $13.2 million for the first three quarters to Sept 30 last year, excluding one-off listing expenses.
ST PHOTO: KUA CHEE SIONG
Twenty-four years after it was founded and 18 months after its listing, automotive upholstery and accessory group Tomo Holdings is still zooming in the fast lane, largely unnoticed by investors enamoured of more glamorous stocks.
Going by results in the first nine months of last year, the Singapore-based company, listed on the Hong Kong Stock Exchange's Growth Enterprise Market board, could post record earnings for the year.
