Construction company Tiong Seng Holdings posted a 26% fall in third-quarter (Q32012) net profit to $5.04 million from $6.82 million a year ago (Q32011).
However, revenue rose 57% to $119.42 million from S$75.89 million.
For the first nine months of 2012, net profit rose 9% $19.79 million from a year ago, while revenue increased by 64% to $347.64 million, on the back of higher revenue from construction contracts and sales of Cobiax products.
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