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Asset recycling strategy a fillip for Hyflux

HYFLUX's net profit for the second quarter ended June jumped from S$17.7 million to S$61.4 million even as revenue dropped 42 per cent, from S$138.4 million to S$80.6 million.This was due to a surge in "other income" to S$85.3 million from S$4.5 million a year ago, due mainly to net gains on the