Cost of sales rose a slower 34% to $15.4 million, leading to a 6% increase in gross profit to $3.6 million.
Administrative expenses increased 58% to $2.9 million mainly due to an increase in staff related costs and donation.
Profit before tax of the group came in at $1.1 million compared to $0.7 million.
As of Wednesday, TTJ’s order book stands at $198 million with projects expected to be substantially completed between FY2019 and FY2021.
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Looking ahead, the group expects the operating environment to be increasingly challenging.
Year to date, shares in TTJ are down 2 cents to close at 29 cents on Wednesday.
