The group’s revenue also increased by 5% to $78.8m.
Tiong Woon Corporation Holding (TWC) recorded a year-on-year net profit increase of 12% to $12.1m in the first half financial year 2025 ended 31 December 2024.
The group’s revenue also increased by 5% to $78.8m due to the increase in contributions from the Heavy Lift and Haulage and Trading segments.
Heavy Lift and Haulage segment external revenue increased by 5% to $76.9m as TWC undertook more heavy lift and installation projects in Malaysia, the Middle East, Singapore, and Indonesia.
Meanwhile, the Trading segment's external revenue increased by 80% to $1m due to more equipment sold.
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