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Design Studio's Q1 earnings make a near triple jump to $2.1m

Higher profit comes in spite of a decline in revenue

DESIGN Studio's first-quarter net profit almost trebled despite a fall in revenue.Net profit for the three months ended March 31, 2014, was $2.1 million, up from $716,000 a year ago, owing to higher margins and lower marketing and distribution expenses, the furniture manufacturer said yesterday.