Tiong Woon Corporation Holding Ltd (SG:BQM) has released an update.
Tiong Woon Corporation Holding Ltd, a prominent integrated heavy lift specialist, has reported a revenue increase to $143.1 million in FY2024, which is a 5% jump from the previous year, thanks mainly to its Heavy Lift and Haulage segment. The company’s net profit attributable to equity holders rose by 16% to $18.2 million, while also proposing a 50% dividend increase to 1.5 cents per share, reflecting a solid financial performance and a robust cash position.
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