Photo by Nataliya Vaitkevich from Pexels

Tiong Woon’s net profit climbs 12% YoY in H1 2025

The group’s revenue also increased by 5% to $78.8m.

Tiong Woon Corporation Holding (TWC) recorded a year-on-year net profit increase of 12% to $12.1m in the first half financial year 2025 ended 31 December 2024.

The group’s revenue also increased by 5% to $78.8m due to the increase in contributions from the Heavy Lift and Haulage and Trading segments.

Heavy Lift and Haulage segment external revenue increased by 5% to $76.9m as TWC undertook more heavy lift and installation projects in Malaysia, the Middle East, Singapore, and Indonesia.

Meanwhile, the Trading segment's external revenue increased by 80% to $1m due to more equipment sold. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Retail sales growth masks softer consumer mood
eToro said April’s headline growth was partly driven by higher petrol prices.
Retail
F&B sales rise 0.4% in April
Fast food outlets recorded the strongest year-on-year growth.
Food & Beverage
Retail sales rise 5.4% in April
Total retail sales reached $4.3b, with online sales accounting for 15.4% of the total.
Retail