Amara's FY15 profit falls 59%
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Singapore
A DROP in fair-value gains from its investment properties and expenses from a new hotel caused real estate developer Amara Holdings to report a 59 per cent plunge in net profit to S$14.33 million for FY15.
During the year, it recorded a decrease in the fair-value gain in investment properties of S$13.4 million as well as higher operating expenses due to a newly opened hotel in Bangkok.
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