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ARA expects boost from Straits Trading alliance; Q3 profit up

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Group CEO John Lim expects the firming up of the strategic alliance with The Straits Trading Company (STC) to contribute another leg of growth for ARA, in particular for its private funds platform.

Singapore

BARA Asset Management, a major real estate fund manager in the region, on Monday reported a 60 per cent increase in third-quarter total revenue to S$52.8 million.

Net profit rose 53 per cent in tandem to S$30.7 million.

The better topline was driven by higher