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Tian Cheng Holdings Reports Mixed Annual Results

Tian Cheng Holdings Reports Mixed Annual Results

Yue Kan Holdings Limited (HK:2110) has released an update.

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Tian Cheng Holdings Limited reported an increase in annual revenue to HK$223.3 million, a 12.8% rise, with significant growth in its marine construction and vessel chartering segments. Despite the revenue growth, the company faced a net loss of HK$44.1 million, although this was an improvement from the previous year’s HK$87.1 million loss. The company saw a decrease in revenue from its civil engineering works and recognized a basic and diluted loss per share of HK$17.42 cents.

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