Corporate digest
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Nera Telecommunications
NERA Telecommunications on Wednesday posted profit after tax for the first quarter ended March 31, 2016, of S$2.03 million, a 33.4 per cent decrease from S$3.05 million a year ago. Revenue fell 11% to S$37.5 million.
Zhongmin Baihui Retail ZHONGMIN Baihui Retail Group, which had a trade-with-caution warning issued against its stock in February, announced on Wednesday a 10 per cent drop in net profit for the quarter ended March 31, 2016. Net profit fell to 20.4 million yuan (S$4.3 million) for its fiscal first quarter, from 22.6 million yuan the year before.
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