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Deconsolidation of M'sian unit hits QAF's Q1 gain

Singapore

GARDENIA bread maker QAF on Tuesday reported a 13 per cent drop in net profit to S$14.2 million for its first quarter, as revenue also fell due to the deconsolidation of a Malaysian unit.

For the three months ended March 31, 2017, its revenue fell 15 per cent to S$212.7

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