Half year results of Tat Hong Holdings, the rental company and distributor listed on the Singapore stock exchange, offer evidence of improvement in the Asia market.

Tat Hong has reported a net profit of US $1.9m for the six months to 30 September 2002 on a turnover of US $55.6m. This compares with a net loss of US $1.1m on a turnover of $40.7m in the same period of 2001.