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Auric Pacific's Q2 profit down 96.3% on impairment loss

Wednesday, August 10, 2016 - 05:50

Singapore

FOOD supplier Auric Pacific on Tuesday reported a 96.3 per cent drop in net profit to S$45,000 for its second quarter ended June 30, 2016, from S$1.2 million a year ago.

This was mostly due to an impairment loss on unquoted investment funds of about S$5.6 million.