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Tiong Woon Corporation Posts Revenue Growth Amid Market Challenges

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Tiong Woon Corporation Posts Revenue Growth Amid Market Challenges

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Tiong Woon Corporation Holding Ltd ( (SG:BQM) ) has provided an update.

Tiong Woon Corporation Holding Ltd reported a revenue of $78.8 million for the first half of fiscal year 2025, marking a 5% increase compared to the previous year. Despite a decrease in gross profit and margin, net profit attributable to equity holders rose by 12% to $12.1 million. The company plans to enhance operational efficiency and customer satisfaction amid challenging geopolitical conditions to strengthen its market position.

More about Tiong Woon Corporation Holding Ltd

Tiong Woon Corporation Holding Ltd is a mainboard-listed, leading one-stop integrated heavy lift specialist and service provider. The company focuses on providing heavy lift and haulage services along with trading segments, serving both local and regional markets.

YTD Price Performance: -4.10%

Average Trading Volume: 201,413

Technical Sentiment Consensus Rating: Sell

Current Market Cap: S$135.9M

See more insights into BQM stock on TipRanks’ Stock Analysis page.

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