The steel specialist that is steeling itself for challenges ahead

SINGAPORE (Oct 11): Mainboard-listed TTJ Holdings, which claims to be one of the largest structural steel fabricators in Singapore, is steeling itself for challenges ahead.

The Group’s net profit soared by 66% y-o-y to US$19 million ($26 million) in FY16 on the back of 45% y-o-y growth in revenue to US$100 million ($137.8 million).

This was mainly due to a 59% y-o-y increase in its structural steel business, which accounted for 86.4% of TTJ’s sales in FY16.

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