Tat Hong

Tat Hong reported 4Q10 earnings declined by 33% to $9.8m despite an 18% rise in topline revenue to $130.9m. On a full year basis, net profit dropped by 44% YoY to S$38.6m while revenue fell 22% to S$495.4m as infrastructure and resource spending was cut back in its key mkts. Notably, all business segments recorded a slump in performance, except for its tower crane unit, which registered a 37% growth in revenue in FY10.