Showing posts with label Sin Heng Heavy Machinery (KF4). Show all posts
Showing posts with label Sin Heng Heavy Machinery (KF4). Show all posts

May 16, 2014

Sin Heng more than doubled its net profit


Sin Heng Heavy Machinery has more than doubled its net profit year-on-year for 3Q14, driven partly by higher revenue. The group recorded net profit of $6.3m. Revenue for the quarter rose 33.3% to $53.7m. But gross profit rose just 10.2% to $7.9m. Revenue for the nine months was higher at $154.1m, against $124.6m previously. The group's trading business accounted for the increase, with revenue from that sector rising 40.7% to $119.2m.