Turnaround projected for Ta Win Holdings

LOSS-MAKING copper wire and rod maker Ta Win Holdings Bhd says it will soon be reporting a profit in the coming fourth quarter (Q4)of its financial year ending June 30, 2021 (FY21) following several corporate moves it had made to diversify its business last year.

The company’s group managing director Datuk Seri Ngu Tieng Ung tells StarBizWeek the anticipated turnaround in Q4 is also due to profit guarantees that it had received for stake acquisitions it had made into two companies last year.