Singapore-based crane rental company Tat Hong last week said its fiscal second quarter net earnings dropped 70 percent from the same period a year ago to SGD$6.7 million (about U.S. $4.8 million). Revenue for the three-month period ended Sept. 30 dropped 34 percent year over year as the result of lower equipment sales and rentals.

Although the company said the uncertain economic environment will continue to impact sales and rentals of equipment, it expects to remain profitable for the remainder of the financial year.