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Civmec's earnings hurt by weaker Aussie dollar

Published Thu, Aug 18, 2016 · 09:50 PM

Singapore

DIVERSIFICATION into sectors outside of energy and mining is beginning to bear fruit for heavy engineering services firm Civmec, though a weaker Australian dollar and the lack of a one-off tax gain recorded for the previous year weighed down its results for its fiscal fourth quarter.

Net profit plummeted 77.4 per cent to S$1.5 m…

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