T T J net profit nudges up 1% to $7.35 million in 1H FY2013

But revenue ballooned by 15% to $75.4m.

In a release accompanying its latest 1H FY2013 results, structural steel specialist T T J Holdings Limited (T T J) reported a net profit attributable to owners of the parent of $7.35 million for the six months ended 31 January 2013 (1H FY2013), just slightly higher than the $7.26 million achieved in 1H FY2012, which included a one-off disposal gain of approximately $0.7 million from the sale of the leasehold property on which the Group’s Suasa Factory was located.

The net profit was achieved on the back of a 15% rise in revenue to $75.4 million in 1H FY2013. This was mainly contributed by the structural steelwork jobs for the strutting and decking support of the MRT Downtown Line 2 and for industrial projects on Jurong Island such as the Singapore LNG Terminal, the GMR 800MW Power Plant and the TREX Plant.