TTJ Holdings posts double-digit earnings and revenue growth for FY16

SINGAPORE (Sept 26): TTJ Holdings posted a 66% rise in earnings to $25.8 million for FY16 ended July from $15.5 million a year ago.

Full-year revenue rose 45% to $136.6 million from last year due to more work completed for on-going projects as well as more large-scale projects of higher contract value. This was however offset by the dormitory business, which declined 6% to $18 million due to lower occupancy rates.

While private sector construction growth has slowed, TTJ expects public sector-led construction demand to continue as its main growth driver.

---

Related Stories

• Equity income: A sensible choice amid economic resilience and higher-for-longer rates
• DBS has sufficient capital for growth and dividends, with no stress in CRE book
• The compelling case for dividend investing in Asia — whatever the economic backdrop

---