TIONG Woon, the Singapore-based lifting contractor and rental company, has reported a 19% rise in first half sales and a massive leap in pre-tax profits.
For the six months to 31 December 2001, which is the first half of the company’s 2001/02 fiscal year, Tiong Woon had revenues of S$19.54m ($10.6m) and profits before tax were S$2.16m. This compares with pretax profits of S$161,000 on revenues of S$16.46m in the corresponding period of the previous year.
