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ARA Asset Management's Q4 net profit falls 28% to S$18.5m; buyout gets regulatory approval

Singapore

ARA Asset Management, which is in the process of being privatised, said on Thursday that Q4 2016 net profit fell 28 per cent to S$18.5 million on lower acquisition fees and a jump in costs.

The group did not declare a dividend unlike the previous corresponding period's 2.

sentifi.com

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