Malaysia’s TH Heavy Engineering (THHE) has recorded a significant decline in profit for 2013. The company posted a profit of US $459,350, down from a profit of $7.38m in 2012, despite an increase in revenue. Despite making $79.44m for the year, rising costs made a dent to the bottom line. The cost of sales increased from $37.7m in 2012 to $65.9m in 2013, while other administrative expenses rose from $8.89m to $15.95m.
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