The group’s gross profit margin decreased to 27.4% from 33.8%.
Other gains increased by 175% to $1.4 million mainly due to the credit balance written back amounting to $1.1 million recorded by a newly acquired subsidiary.
As of June 7, TTJ’s projects order book stood at $157 million which it expects to substantially complete between FY2017 and FY2021.
To date, the group says it continues to experience a healthy level of enquiries for a mix of public and private sector projects.
Going forward, the group says it will continue to monitor its costs closely and enhance productivity to remain competitive.
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TTJ shares closed at 42 cents on Wednesday.
