FAST NEWS: Tat Hong Expects Full-year Profit To Be Halved

The latest: Tat Hong Equipment Service Co., Ltd. (2153.HK), a tower crane service provider, issued a profit warning on Friday, forecasting a 45% to 55% drop in net profit for the financial year ending March this year compared with the previous year. Looking up: The decline in the company’s earnings was not a result of a deterioration in the operating performance of the business, but rather the effect of accounting for the value of shares granted to counterparties in response to the contribution of senior management to the company. Take…

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Tat Hong Stretched by Rising Labor Cost, Awaits Carbon-Neutral Building Boom

The construction equipment provider’s profit fell in its latest reporting period, stretched by rising labor costs, but its current large-scale contracts are reason for optimism Key Takeaways: Tat Hong’s profit fell by 37.8% in the six months through September The company announced a special dividend of HK$0.03 per share in a move to placate investors By Jony Ho The term “tower crane” may be unfamiliar to most. The term refers to a fully rotating jib crane with a “tower structure” that can move building materials quickly in rising, traversing and…

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