Sin Heng

Sin Heng: Concluded the year with a robust set of results, as FY 13 net profit rose 47.4% to $13.8m on back of a "broad-based improvement across geographical markets and business segments". Revenue was up 44.3% to $186.5m. Revenue from its trading segment increased by 49% to $133m mainly due to the higher volume of cranes traded, while revenue from its equipment rental segment improved by 33% to $53.5m due mainly to an increase in revenue from its expanded fleet size. Sin Heng continues to expand to new markets like Indonesia and Myanmar, and has introduced its complementary business of rental and trading to its overseas subsidiaries. Going forward, the co.says that it is ready for new potential growth ahead and I encouraged by the active participation of its shareholders in its recent rights issue.