Singapore-based crane distributor and rental house Tat Hong Holdings Ltd has disclosed that it expects to make a loss of S$14.5m (US$8m) for the year ending 31 March 2001.
Tat Hong said in a statement to the Singapore Exchange that its performance in the second half of its financial year had deteriorated due to an annual stock write-down of S$11.8m, the weakening of the Australian dollar, and lower revenues from its Australian operations.
